On 6 July 2026 Wanli Tire Co., Ltd., the subsidiary of Guangzhou Industrial Investment Holdings Group Co., Ltd., signed a landmark Joint Venture Agreement (“JVA”) in Kuala Lumpur with Berjaya Property, a subsidiary of Berjaya Corporation. The signing officially kicks off the cooperation between Wanli Tire and Berjaya Property. Both parties will jointly invest approximately USD 320 million to build a world-class tire manufacturing plant in Malaysia.
The signing ceremony was witnessed by The Honourable Mr. Sim Tze Tzin, Deputy Minister from Ministry of Investment, Trade and Industry Malaysia, His Excellency Mr. Ouyang Yujing, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Malaysia, and The Honourable Mr. Ng Sze Han, Executive Councillor (EXCO) of Selangor. Also in attendance were distinguished guests, senior government officials, diplomatic envoys, industry leaders and prominent business representatives from both China and Malaysia.
Under the JVA, Wanli Tire and Berjaya Property , will jointly undertake the development of the High-Performance Eco-Friendly Rubber Tire Production Base. Located in Bukit Tagar, Selangor, the site spans approximately 67.9 acres. The plant is planned to achieve a production capacity of 1.2 million Truck and Bus Radial (TBR) tires and 5 million Passenger Car Radial (PCR) tires, 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 skills training and skills enhancement programme. In addition, the investment is anticipated to contribute positively to technology and 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 said, "We are proud to partner with Wanli Tire, a subsidiary of the globally respected Guangzhou Industrial Investment Holdings Group. This collaboration reflects the confidence of Chinese 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 high-skilled employment and deliver long-term value for both countries."
Mr. Wang Fuzhu, Deputy Chairman and General Manager of Guangzhou Industrial Investment Holdings Group said, “The JVA 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 deep technological expertise in fields such as new energy vehicle (NEV) tires and automotive electronics with Berjaya Group’s local resources and market channels. This collaboration aims to build a synergistic, complementary, resilient, and flexible transnational supply chain ecosystem. It not only serves as a new overseas growth engine for the Group’s mission to forge a 100-billion-yuan auto-parts cluster, but also represents a win-win strategy for both sides to seize the initiative amid shifting global industry dynamics.
Syed Ali Shahul Hameed, Chief Executive Officer of Berjaya Property said, "We are delighted to embark on this 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 advanced R&D and manufacturing capabilities, we are confident that this collaboration will drive sustainable development 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 Holdings 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 the JVA marks the beginning of a long-term strategic partnership between Berjaya Property and Wanli Tire. Looking ahead, both parties will adhere to the core philosophies of innovation, sustainable growth, and mutual success. By combining their respective strengths, expertise, and resources, this partnership lays a solid foundation for generating meaningful economic value, driving industrial advancement, and strengthening the commercial and investment ties between China and Malaysia.
