Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement with Wellcall Holdings Bhd. to form a joint venture in Malaysia to manufacture and sell industrial hoses in composite materials. For Trelleborg, this venture is part of the Group’s strategy to strengthen its positions in attractive market segments.
The joint venture will establish a production site in Malaysia. The first hose deliveries are scheduled to begin in 2020. Typical applications for hoses in composite materials include hoses for road and rail tanker trucks, hoses for aviation fuel and hoses for aggressive chemicals. Trelleborg currently manufactures composite hoses in Europe.
“We are very satisfied with the partnership with Wellcall. Trelleborg will contribute technological know-how in composite hoses and Wellcall, with its operations based in Malaysia, will contribute local knowledge concerning both the market and in operational terms. Trelleborg holds a strong position in this niche segment but the joint venture will allow us to grow our production capacity, reach new markets faster and strengthen our offering,” says Jean-Paul Mindermann, President of the Trelleborg Industrial Solutions business area.
Trelleborg will own 51 percent of the joint venture.