JV for automotive parts manufacturing

International Automotive Components (IAC) Group lately announced its agreement to form two joint ventures with Malaysia-based APM Automotive Holdings Berhad (APM), an automotive parts manufacturing group. The joint ventures in Malaysia and Thailand will be IAC Group's first investments in the ASEAN region, continuing the tier-one supplier's rapid expansion across Asia and reinforcing its global leadership position in the vehicle interiors segment. The joint ventures will offer design, engineering and manufacturing for a wide range of vehicle interior components and systems, including instrument panels, door panels, floor consoles, interior trim, flooring and acoustics, overhead systems and package trays, as well as exterior component. IAC Group and APM see potential opportunities to support both multinational and domestic OEMs operating in the region.
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