Thursday 28 Mar 2024
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KUALA LUMPUR (Sep 19): Kossan Rubber Industries Bhd has announced the signing of a memorandum of understanding (MOU) with Institute of Rail Transit (IRT) of Tongji University in China.

The MOU, signed between Kossan’s 70% owned subsidiary Doshin Rubber Products Sdn Bhd, and IRT, was to initiate a strategic alliance between the parties to design, manufacture and market rubber pads for “floating tracks”.

Under the MOU, Doshin will manufacture the rubber pads based on designs supplied by IRT. Meanwhile IRT will also promote other relevant products manufactured by Doshin for China’s urban rail projects, as well as provide technical support to any projects outside China upon request.

The MOU will come into effect on the date of signing (Sept 16, 2014) and remain in effect for a period of two years.

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