Komatsu and UMW agree to form joint venture for construction and mining equipment sales

Komatsu Ltd. and UMW Corporation Sdn. Bhd. agreed to establish a joint-venture sales company for construction and mining equipment in Malaysia and other countries. Komatsu will acquire a 26% equity stake in the new company, which will become a subsidiary of UMW.

“Komatsu and UMW have today agreed to establish a joint-venture sales company and signed the formal contract.”komatsu.jp

• 2 sources
• komatsu.jpKomatsu and UMW Agree to Establish a Joint-Venture Sales Company of Construction and Mining Equipment | Newsroom | Komatsu global siteJul 2, 2018
• miningmagazine.comKomatsu, UMW sign deal for Malaysian JVJul 2, 2018

Summarized from public sources; check the original articles before acting on it.