Sapura Industrial Subsidiary Signs Supply Agreement with EVE Energy for Lithium Batteries
Sapura Industrial Bhd's subsidiary SIB ZZT has signed a supply agreement with EVE Energy Malaysia for precision structural components. The agreement supports EVE's production of prismatic lithium batteries at their new facility in Kulim, Kedah, marking a strategic move for SIB into the energy storage sector.
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Sapura Industrial Bhd, through its 51%-owned sub-subsidiary SIB ZZT Sdn Bhd, has entered into a supply agreement with EVE Energy Malaysia Sdn Bhd. SIB ZZT will supply precision structural components and related materials for the production of prismatic lithium batteries at EVE Malaysia's new facility in Kulim, Kedah. This agreement is part of SIB's strategy to diversify into the energy storage and battery ecosystem, enhancing market opportunities and solidifying its role in advanced industrial manufacturing in Malaysia.
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