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Scomi International Forms JV Company With South Asia Logistics and Emir Equity

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by April 19, 2017 General

KUALA LUMPUR, April 19 (Bernama) — Scomi International Private Ltd has entered into a joint venture agreement with South Asia Logistics Services Ltd and Emir Equity Sdn Bhd to form a joint venture company in Singapore where Scomi Group Bhd will hold 50 per cent equity.

Scomi International is a wholly owned subsidiary of Scomi while South Asia Logistic and Emir Equity are the shareholders of Imartek Sdn Bhd which owns a plant that manufactures core components of hydro turbines and generators.

The joint venture company will pursue business opportunities specifically focused on engineering, procurement and construction (EPC) of hydropower plants and wind farms in Asia, including Turkey, Scomi said in a statement…..

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