KUALA LUMPUR, 6 July 2026 – Berjaya Property Berhad (formerly known as
Berjaya Land Berhad) (“Berjaya Property”) had today announced the
signing of a landmark Joint Venture Agreement (“JVA”) between its wholly
owned subsidiary, Alam Baiduri Sdn Bhd (“ABSB”), and Trusmax Investment
Co., Ltd. (“Trusmax”), a wholly-owned subsidiary of Wanli Tire Co., Ltd.
(“Wanli Tire”), one of China’s leading tyre manufacturers, marking the
commencement of a strategic partnership that will see the development of
a state-of-the-art high performance tyre manufacturing facility in Malaysia
with a total investment of approximately USD320 million.
PRESS RELEASE
BERJAYA PROPERTY AND WANLI TIRE
ENTER INTO A USD320 MILLION
JOINT VENTURE TO ESTABLISH
A HIGH-PERFORMANCE TYRE
MANUFACTURING HUB IN MALAYSIA
Date: 6 July 2026
Venue: Kuala Lumpur
(From left to right) Mr Euvin Tan U-Liang, Mr Syed Ali Shahul Hameed, YB Mr Ng Sze Han, Tan Sri Dato’ Seri Vincent Tan Chee Yioun, HE Ouyang Yujing, YB Mr Sim Tze Chin, YB Tuan Haji Mohd Hasnizan bin Harun, Mr Wang Fuzhu, Mr Cao Xiandong, Dato’ Tony Khor, Mr Lan Kangsheng.
KUALA LUMPUR, 6 July 2026 – Berjaya Property Berhad (formerly known as
Berjaya Land Berhad) (“Berjaya Property”) had today announced the
signing of a landmark Joint Venture Agreement (“JVA”) between its wholly
owned subsidiary, Alam Baiduri Sdn Bhd (“ABSB”), and Trusmax Investment
Co., Ltd. (“Trusmax”), a wholly-owned subsidiary of Wanli Tire Co., Ltd.
(“Wanli Tire”), one of China’s leading tyre manufacturers, marking the
commencement of a strategic partnership that will see the development of
a state-of-the-art high performance tyre manufacturing facility in Malaysia
with a total investment of approximately USD320 million.
The signing ceremony was attended by Yang Berhormat Tuan Sim Tze Tzin,
Deputy Minister from Ministry Investment, Trade and Industry Malaysia, His
Excellency Ambassador Mr. Ouyang Yujing, Ambassador Extraordinary and
Plenipotentiary of the People’s Republic of China to Malaysia, Yang
Berhormat Tuan Ng Sze Han, Executive Councillor (EXCO) for Investment,
Trade, and Mobility of Selangor, distinguished guests from Malaysia and the
People’s Republic of China, including senior government officials, members
of the diplomatic corps, industry leaders and prominent representatives of
the business community.
Under the JVA, ABSB and Trusmax , will jointly undertake the development of the High-Performance Green Rubber Tyre Production Base on a parcel of land measuring about 67.9 acres at Bukit Tagar Selangor which will comprise 16 purpose-built industrial and support facilities with a total construction area exceeding 62.5 acres.
Under the JVA, ABSB and Trusmax , will jointly undertake the development of the High-Performance Green Rubber Tyre Production Base on a parcel of land measuring about 67.9 acres at Bukit Tagar Selangor which will comprise 16 purpose-built industrial and support facilities with a total construction area exceeding 62.5 acres.
Upon full commissioning, the plant is expected to achieve an annual
production capacity of 1.2 million Truck and Bus Radial (TBR) tyres and 5
million Passenger Car Radial (PCR) tyres, positioning Malaysia as a strategic
manufacturing and export hub within Wanli Tire’s global production
network.
The project is expected to generate more than 1,000 employment opportunities for Malaysians while supporting talent development through workforce training and skills enhancement programmes. In addition, the investment is anticipated to contribute positively to technology transfer, industrial development, export growth and the strengthening of Malaysia’s manufacturing ecosystem.
The project is expected to generate more than 1,000 employment opportunities for Malaysians while supporting talent development through workforce training and skills enhancement programmes. In addition, the investment is anticipated to contribute positively to technology transfer, industrial development, export growth and the strengthening of Malaysia’s manufacturing ecosystem.
Tan Sri Dato’ Seri Vincent Tan Chee Yioun, Founder and Advisor of
Berjaya Corporation Berhad said, “We are proud to partner with Wanli Tire,
a subsidiary of the globally respected Guangzhou Industrial Investment
Holding Group, in this landmark venture. This investment reflects the
confidence of international companies in Malaysia’s economic
fundamentals, strategic location and growth potential. We would also like
to acknowledge and commend the Government of Malaysia for its
continued efforts in fostering a business-friendly environment that attracts
quality investments and strengthens the nation’s competitiveness. We are
confident this partnership will create meaningful economic opportunities,
generate skilled employment and deliver long-term value for both
countries.”
Mr. Wang Fuzhu, Deputy Chairman and General Manager of Guangzhou
Industrial Investment Holding Group said, “The cooperation signed today
marks a major leap for Guangzhou Industrial Investment Holdings Group in
its ASEAN expansion evolving from a “single-point breakthrough” to a “multi
hub coordinated” framework. As a core member of ASEAN, Malaysia boasts
mature industrial supporting facilities and an excellent shipping network,
making it a strategic pivot for the Group to deepen its footprint in Southeast
Asia while radiating to global markets. Both parties will fully integrate their
technological expertise in green-energy tires, automotive electronics, and
other fields with Berjaya group of companies, local resources and market
channels, forging a synergistic, complementary, resilient and flexible cross border industrial and supply chain system.
This collaboration not only serves as a new overseas growth engine for the Group’s drive to build a RMB-100-billion auto-parts cluster, but also constitute a win-win choice for both sides to seize the initiative in the global industrial transformation.”
This collaboration not only serves as a new overseas growth engine for the Group’s drive to build a RMB-100-billion auto-parts cluster, but also constitute a win-win choice for both sides to seize the initiative in the global industrial transformation.”
Syed Ali Shahul Hameed, Group Chief Executive Officer of Berjaya
Property said, “We are delighted to embark on this strategic partnership
with Wanli Tire and look forward to building a successful venture together.
Berjaya brings decades of business experience, strong development
capabilities, extensive networks and a proven track record across multiple
industries. These strengths place us in a strong position to support our
partners and contribute meaningfully to the success of this venture.
Combined with Wanli Tire’s world-class manufacturing expertise and
technological leadership, we are confident that this collaboration will drive
sustainable growth, facilitate knowledge transfer and create lasting value
for our stakeholders and the wider economy.”
Mr. Cao Xiandong, Chairman of Wanli Tire and Deputy General Manager
of Guangzhou Industrial Investment Holding Group said, “Partnering with
Berjaya Group fills us with confidence and expectation for our Malaysia
manufacturing base. From initial talks to the signing, we have received
strong support from parties in both China and Malaysia throughout the
process, which encourages us and reinforces our long-term commitment to
rooting in Malaysia and pursuing shared prosperity. Cross-border
cooperation thrives on mutual growth; industrial synergy hinges on shared
benefits. Looking ahead, we will continue to support Wanli Tire in deepening
local operations and jointly build a future‑ready, industry-leading “flagship
plant.” Let us stand side by side, seize the opportunities of the era, and make
every tire that rolls out from here to the world a friendly messenger carrying
the quality of China’s smart manufacturing and the bond of China-Malaysia friendship.”
The signing of JVA marks the beginning of a long-term strategic partnership between Berjaya Property and Wanli Tire, built on a shared vision of innovation, sustainable growth and mutual success. By combining their respective strengths, expertise and resources, both parties are well positioned to create meaningful economic value, advance industrial development and contribute to stronger commercial and investment ties between Malaysia and the People’s Republic of China.
The signing of JVA marks the beginning of a long-term strategic partnership between Berjaya Property and Wanli Tire, built on a shared vision of innovation, sustainable growth and mutual success. By combining their respective strengths, expertise and resources, both parties are well positioned to create meaningful economic value, advance industrial development and contribute to stronger commercial and investment ties between Malaysia and the People’s Republic of China.
For Media Enquiries, please contact:
BERJAYA PROPERTY BERHAD
Mohamed Syairoz bin Mohd Odman
Communications & Sustainability Department
Tel: +6018-6665999
Office: +603-2149 1257
Email: syairoz@berjaya.com.my
Mohamed Syairoz bin Mohd Odman
Communications & Sustainability Department
Tel: +6018-6665999
Office: +603-2149 1257
Email: syairoz@berjaya.com.my
WANLI TIRE CO., LTD.
Mr. Lin, Peiwei
Malaysia Project Team
Tel: +8619875485828
Office: +864008800771
Email: linpeiwei@wanlitire.cn
Mr. Lin, Peiwei
Malaysia Project Team
Tel: +8619875485828
Office: +864008800771
Email: linpeiwei@wanlitire.cn
About Berjaya Property Berhad (formerly known as Berjaya Land Berhad)
Berjaya Property Berhad (“BProperty”) is a diversified conglomerate listed on the Main Market of Bursa Malaysia Securities Berhad. The Group’s core businesses span across property development and investment, hospitality and resorts, aviation, recreation, motor retailing, and food and beverage. BProperty has established a strong presence both locally and internationally with successful developments and investments in Malaysia, Japan, the United Kingdom, Korea and various other markets. For more information, please visit: www.berjaya.com
Berjaya Property Berhad (“BProperty”) is a diversified conglomerate listed on the Main Market of Bursa Malaysia Securities Berhad. The Group’s core businesses span across property development and investment, hospitality and resorts, aviation, recreation, motor retailing, and food and beverage. BProperty has established a strong presence both locally and internationally with successful developments and investments in Malaysia, Japan, the United Kingdom, Korea and various other markets. For more information, please visit: www.berjaya.com
About Guangzhou Industrial Investment Holdings Group Co., Ltd.
Guangzhou Industrial Investment Holdings Group Co., Ltd. (abbreviated as GIIHG) is a leading advanced manufacturing enterprise in Guangzhou that has been ranked among the Fortune Global 500 for three consecutive years (ranking 406th in 2025). The Group focuses on three core business segments: advanced manufacturing, industrial investment, and modern industrial services. With deep industrial foundations in automotive components, intelligent equipment, advanced materials, and other fields, with controlling stakes in 9 listed companies. Currently, GIIHG is accelerating its transformation toward becoming a “world-class multinational operator of advanced manufacturing ecosystems,” building an industrial development framework rooted in Guangzhou and connected to global markets. The Group operates over 20 overseas R&D institutions and production bases, with products exported to more than 160 countries and regions. For more information, please visit: giihg.group
Guangzhou Industrial Investment Holdings Group Co., Ltd. (abbreviated as GIIHG) is a leading advanced manufacturing enterprise in Guangzhou that has been ranked among the Fortune Global 500 for three consecutive years (ranking 406th in 2025). The Group focuses on three core business segments: advanced manufacturing, industrial investment, and modern industrial services. With deep industrial foundations in automotive components, intelligent equipment, advanced materials, and other fields, with controlling stakes in 9 listed companies. Currently, GIIHG is accelerating its transformation toward becoming a “world-class multinational operator of advanced manufacturing ecosystems,” building an industrial development framework rooted in Guangzhou and connected to global markets. The Group operates over 20 overseas R&D institutions and production bases, with products exported to more than 160 countries and regions. For more information, please visit: giihg.group
About Wanli Tire Co., Ltd.
Founded in December 2004, Wanli Tire Co., Ltd. (“Wanli Tire”) is a direct second-tier subsidiary of Guangzhou Industrial Investment Holding Group Co., Ltd. As a specialized tire enterprise integrating tire research & development, production, sales and services, it inherits technologies from Guangzhou South China Rubber Tire Co., Ltd., founded in 1988 and one of China’s trailblazers in the tire industry. Back in 1990, it became the first domestic enterprise to introduce a complete set of radial tire technologies from Firestone of the United States, making it China’s pioneer in mastering such technologies. Located at No. 3 Wanli Road, Aotou Town, Conghua District, Guangzhou City, Guangdong Province, the company covers a land area of 1,120 mu. It runs one General Research Institute and three branch research institutes (Conghua Branch, Hefei Branch and Cambodia Branch), alongside three major production bases in Conghua, Hefei and Cambodia. It also operates Guangdong Advanced Elastomer Innovation Center Co., Ltd., which is applying for accreditation as a provincial-level manufacturing innovation center. The company employs nearly 5,000 staff and holds an annual production capacity of 36 million passenger car radial (PCR) tires and 3 million truck and bus radial (TBR) tires. For more information, please visit: www.wanlitire.cn/en/
Founded in December 2004, Wanli Tire Co., Ltd. (“Wanli Tire”) is a direct second-tier subsidiary of Guangzhou Industrial Investment Holding Group Co., Ltd. As a specialized tire enterprise integrating tire research & development, production, sales and services, it inherits technologies from Guangzhou South China Rubber Tire Co., Ltd., founded in 1988 and one of China’s trailblazers in the tire industry. Back in 1990, it became the first domestic enterprise to introduce a complete set of radial tire technologies from Firestone of the United States, making it China’s pioneer in mastering such technologies. Located at No. 3 Wanli Road, Aotou Town, Conghua District, Guangzhou City, Guangdong Province, the company covers a land area of 1,120 mu. It runs one General Research Institute and three branch research institutes (Conghua Branch, Hefei Branch and Cambodia Branch), alongside three major production bases in Conghua, Hefei and Cambodia. It also operates Guangdong Advanced Elastomer Innovation Center Co., Ltd., which is applying for accreditation as a provincial-level manufacturing innovation center. The company employs nearly 5,000 staff and holds an annual production capacity of 36 million passenger car radial (PCR) tires and 3 million truck and bus radial (TBR) tires. For more information, please visit: www.wanlitire.cn/en/