Wanli and Berjaya Group to invest €280m in new Malaysian tire plant

Malaysian property giant Berjaya Group and China’s Wanli Tire have inked a €280 million joint venture to build a high-performance tire factory in Bukit Tagar, Selangor. The deal, signed on July 6, will see the partners develop the Wanli Malaysia “green rubber tire production base,” a 67.9-acre intelligent manufacturing site with an annual capacity of over 6 million units. Wanli will hold a 70% stake in the venture, while Berjaya retains 30%, according to a Bursa Malaysia filing. The total capital injection is RM813.4 million (€175 million) over two years. The plant is designed to produce 1.2 million truck and bus radial (TBR) tires and 5 million passenger car radial (PCR) tires per year. Wanli’s parent company, Guangzhou Industrial Control Group (GICC), called the facility a “key strategic manufacturing base and export hub” within its global production network. GICC vice chairman and general manager Wang Fuzhu framed the agreement as a milestone in the group’s ASEAN expansion, shifting from “a single-point breakthrough to a multi-hub linkage.” Malaysia’s mature industrial infrastructure and superior shipping network were cited as key advantages for the project. The investment builds on Wanli’s existing overseas footprint, which includes a plant in Cambodia, and complements its domestic operations in Guangzhou and Hefei, where it currently produces 33 million tires annually across all sites. The new facility is expected to serve as a regional export hub for Southeast Asia.