WSA Capital And Venture Asean Establish JV
News: Malaysian automotive components supplier WSA Capital has set up a joint venture (JV) with Australian firm Venture Asean to manufacture automotive component parts in Malaysia. Both companies will control 50% each of the newly created company, WSA Venture Australia, which will produce parts that are expected to be exported to the Australian, Asian and global markets. The company intends to manufacture and export automotive components to Australia during the first phase, suing Venture's local operations. WSA Group Chairman and CEO, Wan Mohamed Wan Embong, said, 'Partnering with Venture Australia and their global network will make it easier for us to enter and serve these companies,' reports ABR.