T7 Global, KOV ink partnership deal

PETALING JAYA: T7 Global Bhd has inked a strategic partnership with KOV Limited and formed a joint venture (JV) company, T7 Kilgour Sdn Bhd to build, operate and set up a metal treatment plant in Malaysia.
In a filing with Bursa Malaysia yesterday, T7 Global said its wholly owned subsidiary T7 Aero Sdn Bhd signed a JV agreement with KOV on Tuesday and incorporated the new company to pursue high value manufacturing businesses in metal treatments.
The company said T7 Aero’s collaboration with Kilgour Metal Treatments Limited will be on a sole and exclusive basis in the Asia Pacific region, excluding China and Japan. Kilgour is a shareholder of KOV. T7 Aero holds a 60% stake in T7 Kilgour, with KOV holding 40%. T7 Kilgour will provide high value manufacturing services for the export and domestic market in Malaysia.
“This partnership marks the strong ties between the two entities. We are proud to have Kilgour on board and we are confident that Kilgour’s 50 years of in-depth technical and experience in the industry will be a cornerstone to the development of this growing industry,” said T7 Global chairman Datuk Seri Dr Nik Norzul Thani.
“Concurrently, we have also signed a head of agreement with MARA Aerospace & Technologies Sdn Bhd to work together on human capital development in the aerospace industry. These formidable partnerships with Kilgour and MARA are new milestones for T7 Global in the aerospace industry,” he added.
Under the strategic partnership, T7 Aero will provide human capability, support business localisation and operational support while KOV will inject its industry expertise, experience and training, which includes strategic business development support by leveraging on its global network.
T7 Kilgour will provide various metal treatment services to clients including non-destructive testing, painting and marking, chemical processing, heat treatment and surface treatment.
These treatments are mainly for aerospace but can also cater to various industries such as oil and gas, automotive and biomedical.