CPE Technology in Japanese company tie

PETALING JAYA: CPE Technology Bhd has entered into a joint venture (JV) with Japan’s Kanekita Co, Ltd to manufacture and market materials and products using passivation treatment technology, in a move aimed at strengthening its position in the semiconductor manufacturing equipment industry.

In a filing with Bursa Malaysia yesterday, CPE said it had signed a Share Purchase and Joint Venture Agreement with Kanekita to establish a Malaysian private limited company within 60 days.

CPE will hold a 50.5% stake in the venture, while Kanekita will own the remaining 49.5%.

The JV will combine Kanekita’s proprietary surface treatment technology with CPE’s precision engineering and manufacturing capabilities.

Kanekita will provide technical support, while CPE will contribute its manufacturing facilities, production capacity and customer network to commercialise the technology.