Bernama reported that Malaysia is set to gain in technology transfer and growth opportunities from the recent establishment of a JV between BlueScope and Nippon Steel Corporation of Japan.

A statement issued by BlueScope's local entity, BlueScope Steel Malaysia Sdn Bhd, said that the 50:50 JV will open up new investment opportunities for Malaysia through NSC's technological development capabilities and substantial research and development base.

Mr Somkiat Pintatham president of BlueScope Steel Malaysia, Singapore and Brunei, said the local industry stood to learn from the global expertise know how of the company, which will raise the standards of capabilities within the market.

With a combined enterprise valuation of USD 1.36 billion across its businesses in Indonesia, Malaysia, Singapore, Brunei, Thailand and Vietnam, the JV affords BlueScope Steel the financial flexibility to grow its footprint across the region.

In Malaysia, BlueScope Steel owns and operates six manufacturing plants for roll-forming and coated steel building products.

Source - Bernama

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