12 January 2012 2:27 pm / 10 comments
Oriental Metal Industries (M) Sdn Bhd (OMI) is targeting to be the largest Tier 1 integrated wheel manufacturer in Malaysia with its investment in a new RM103 million alloy wheel manufacturing plant north of Rawang.
The investment is part of a strategic plan by OMI’s parent company, MBM Resources Bhd (MBMR) to expand its automotive manufacturing division. Those who follow the business pages will recognise MBMR as a major (but not majority) stakeholder in Perodua.
MBMR owns 78% of OMI, while its technical partner, Central Motor Wheel Company Limited of Japan (CMW) has a 19% stake. The remaining 3% is held by Toyota Tsusho Corp. Established in 1939, CMW, a subsidiary of Toyota Motor Corp, is Japan’s largest supplier of automotive wheels. It has plants in China, Indonesia, South Korea, Taiwan, Thailand and the USA.