KUALA LUMPUR: Delloyd Ventures Bhd’s subsidiary Delloyd Electronics (M) Sdn Bhd is teaming up with Germany’s Brose International GmbH to manufacture and supply window regulators to the Ford group in Thailand and Argentina.

In a statement yesterday, Delloyd said Delloyd Electronics and Brose had entered into an agreement on the same day towards forming the JV to produce window regulators for the Ford T6 and C 346 models.

It said the JV company to be set up under the name of Brose Delloyd Automotive Co Ltd would be incorporated in Thailand and the production facility would be located in Rayong, Thailand.

Delloyd said Brose and it would each subscribe to 60% and 40% of the shares in the JV for cash consideration of 108 million baht (RM11 million) and 72 million baht, respectively.

Brose, a renowned 101-year old corporate giant based in Germany, is an international autoparts component manufacturer.

It is the world’s leading manufacturer of window regulators, door systems, ABS motors and HVAC blowers, the European leader for power seat adjuster systems and the European number two for closure systems.

Brose employs more than 13,000 employees at 50 locations in 21 countries in all major automotive markets worldwide. In fiscal year 2008, Brose Group posted sales of €2.8 billion (RM14 billion).

This article appeared in The Edge Financial Daily, December 9, 2009.