The Malaysian government says Daihatsu-owned Japanese manufacturer Akashi Kikai Industry will spend 700 million ringgit ($217.2 million) to set up a plant producing vehicle-transmission systems. International Trade and Industry Minister Mustapa Mohamed tells Parliament the move is a result of the government’s effort to encourage investment in the production of high-value and critical components. Media reports say a new company, Akashi-Kikai Malaysia, will build a 139,930-sq.-ft. ...
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