BHIC DEFENCE TECHNOLOGIES INKS JOINT VENTURE INTO PROPELLANT MANUFACTURING
KUALA LUMPUR, May 30, 2011 – Boustead Defence Technologies Sdn Bhd (BDTSB) a subsidiary of Boustead Heavy Industries Corporation Berhad (BHIC) signed a joint venture (JV) and share holder agreement with Prokhas Manager Sdn Bhd (PMSB) to produce, market and sell propellant and related products for the defense sector. Under the new joint venture company,…