This article first appeared in The Edge Financial Daily on April 12, 2019

KUALA LUMPUR: Ta Win Holdings Bhd is teaming up with three parties to develop a new cable manufacturing business using electron beam technology in Malaysia.

The copper wire and rod manufacturer said it has signed an agreement with two individuals — Justin Wong Chee Feeng and Wong Ah Piaw — and Latitude Technology Sdn Bhd to jointly set up a firm that would invest in, set up and operate the new business.

The firm will produce and commercialise irradiation cross-linked wire and cable products, which will in turn support local automotive and home appliance sector original equipment manufacturers, Ta Win said in a filing with Bursa Malaysia yesterday.

The firm, it added, aims to achieve a high profit margin through the implementation of the electron beam technology in the wire and cable manufacturing, while also expanding its position in the automotive cable market in Asian countries.

Both Chee Feeng and Ah Piaw are involved in the wire and cable business in Malaysia. Latitude Technology is involved in the provision of consultancy trading services related to manufacturing plant set-up, sales and product marketing related to the electron beam irradiation technology.