Sapura Industrial Bhd (SIB), the largest automotive component manufacturer in Malaysia, has executed a Technical Assistance Agreement (TAA) with Mubea Fahrwerksfedern GmbH, a global leader in lightweight components for the automotive industry and high-strength automotive suspension coils, for the transfer of technical know-how to bolster SIB’s technical capabilities to design, develop, and manufacture hollow stabiliser bars and high-stress coil springs.
In a filing to Bursa Malaysia on Wednesday, Sapura Industrial indicated that Mubea will contribute its technical capabilities to assist in designing, developing, and manufacturing these vital automotive parts.
The agreement has an initial term of five years, with automatic annual renewal at the end of each term. Sapura Industrial will pay royalties to Mubea for its technical expertise.
Sapura Industrial noted that this will create new market opportunities for the company's coil springs business and advance Sapura's position as the only producer of stabilizer bars in Malaysia and as a foremost manufacturer of coil springs.
“The partnership gives us access to top-tier engineering expertise, helping us improve our products for car manufacturers. By enhancing our manufacturing capabilities, we are driving Sapura Industrial's growth while supporting the long-term development of Malaysia’s automotive industry,” said Mohd Fahmi Md Isa, Sapura Industrial’s Head of Manufacturing Business.
On his part, Mubea, Regional Head for Asia, Andrzej Wojcikowski, said that the collaboration represents an essential step toward enhancing automotive capability.
“By combining Mubea's expertise in high-strength suspension components with Sapura Industrial's strong manufacturing foundation, we are driving the development of world-class automotive solutions in Malaysia,” he said.
He commented that the collaborative approach is representative of Mubea's continual commitment to strategic collaborations and to advancing automotive technology in major spots around the globe.