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2006-07-14 News Headlines
Owens-Illinois Plastics JVA in Malaysia with LCTH The new company O-I Plastics Malaysia Sdn Bhd to manufacture, sell and distribute specialty plastics molded parts, assemblies and filled goods throughout Asia.
A joint venture agreement (JVA) has been announced with Owens-Illinois Plastics Pte, Ltd (OIP) and LCTH Corporation Berhad (LCTH) in Malaysia. The new company will be re-named O-I Plastics Malaysia Sdn Bhd (OIM). OIM will initially make plastics parts for ink printer cartridges that are currently manufactured in Singapore by OIP. O-I specializes in high-tolerance manufacturing and high-speed assembly.
We are a global, single-source development supplier for consumable and
replaceable parts for the printer, telecommunications, and electronics
industries. Find information about Owens-Illinois. LCTH is a well-established Precision Plastic Injection Mould Manufacturer.
LCTH is a 65.19 percent owned subsidiary of Fu Yu Corporation Limited ("Fu Yu"), a public listed company on the Stock Exchange of Singapore, which has become one of the largest, one-stop suppliers in the field of precision mould fabrication, injection moulding and assembly in the Asian region. Classic Advantage Sdn Bhd (Classic), a wholly-owned subsidiary of LCTH, as part of the Tenancy Agreement with OIM, is for Classic to lease to OIM for a period of 3 years commencing from the completion of the Factory with a space of 75,000 sq ft. "This partnership incorporates LCTH's local knowledge and experience in the region with O-I's process and product technology and global brand which will facilitate future opportunities to support current and future customers in the Asia Pacific region," said Michael McDaniel, vice president and general manager of O-I Closure and Specialty Products.
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