Kian Joo to tap on Togo’s advanced manufacturing technology
KUALA LUMPUR: Kian Joo Can Factory Bhd has signed a memorandum of understanding (MOU) with Togo (HK) Industries Ltd (THKIL) to manufacture and distribute aluminium cans and bottles.
In a filing with Bursa Malaysia, Kian Joo said its wholly-owned unit, Singapore-incorporated KJ TOGO Pte Ltd, planned to venture into the manufacture and distribution of aluminium cans and bottles.
“THKIL holds the licence to manufacture aluminium bottles by using advanced technology,” it said.
Kian Joo said THKIL would provide the technology by investing 30% in the equity of KJ TOGO, which would be the joint-venture company used by the parties to manufacture and distribute different types of aluminium bottles.
It said should the joint-venture materialise, it was expected to contribute positively to the future earnings of Kian Joo Group. – Bernama