VOLVO TRUCKS MALAYSIA ANNOUNCES ASSET SALE TO
DAI LIENG MACHINERY IN SARAWAK
SHAH ALAM, SELANGOR, 2 May 2024 – Volvo Malaysia Sdn. Bhd., (Volvo Trucks Malaysia) a reputable heavy-duty player in the automotive industry, is pleased to announce a successful asset sale to Dai Lieng Machinery Sdn. Bhd in Sarawak. This strategic move is in line with Volvo Trucks Malaysia’s commitment to enhancing customers’ experiences and reinforces its dedication to delivering exceptional value to stakeholders.
Under the agreement, Dai Lieng Machinery Sdn. Bhd. will acquire key assets from Volvo Malaysia Sdn. Bhd.’s truck business for its Kuching and Bintulu dealerships. This transaction empowers both Volvo Trucks Malaysia and Dai Lieng Machinery Sdn Bhd to work in partnership to grow its operations and deliver reliable solutions for the heavy-duty automotive industry.
“We are excited about this asset sale, which is a testament to our focus on strategic goals and innovation,” said Volvo Trucks Malaysia Managing Director, Anthony O’Connell. “By partnering with Dai Lieng Machinery Sdn. Bhd. we believe we are positioning Volvo Trucks Malaysia for even greater success in both East and West Malaysia in the future.”
“Dai Lieng is looking forward to this transition, and Volvo Trucks Malaysia’s customers in East Malaysia can be assured that we are committed to maintaining the highest standards of service that are associated with the Volvo brand,” said Dai Lieng Machinery Sdn. Bhd., Managing Director, Michael Tiong.
With this asset sale, Dai Lieng Machinery Sdn. Bhd. becomes the sole Volvo Trucks Malaysia dealer in East Malaysia with branches strategically located in Miri (headquarters), Kuching, Bintulu, Kota Kinabalu, Sandakan and Tawau. Operations will begin as Dai Lieng Machinery Sdn. Bhd. effective 2 May 2024.
For more information or media inquiries, please contact:
VOLVO MEDIA QUESTIONS:
Amanda Ng
Volvo Malaysia Sdn Bhd
Volvo Trucks
Email : amanda.ng@volvo.com
Geetha Menon
Volvo Malaysia Sdn Bhd
Volvo Trucks
Email: geetha.menon.c@volvo.com
ABOUT VOLVO TRUCKS MALAYSIA
Volvo Trucks supplies complete transport solutions for discerning professional customers with its full range of medium- and heavy-duty trucks. Customer support is provided via a global network of dealers with 2,200 service points in about 130 countries. Volvo trucks are assembled in 12 countries across the globe. In 2023 approximately 145,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The group also provides complete solutions for financing and service. Volvo Trucks’ work is based on the core values of quality, safety and environmental care.
Volvo Trucks Malaysia provides a complete transport solution for customers in Malaysia. The company offers heavy-duty trucks under the Volvo umbrella; mainly made up of Volvo FM, Volvo FMX and the Volvo FH of various specifications. Customer support is secured via a network of 12 outlets across Malaysia comprising of Sales and Aftermarket services like workshop service, telematics and genuine parts. Volvo Trucks are assembled locally using CKD kits imported from Sweden.
ABOUT DAI LIENG MACHINERY SDN. BHD.
Dai Lieng Machinery Sdn Bhd (130903-K), formerly known as Tai Lian Workshop Co. (May 1979 to April 1984) and established in 1979 is a Malaysian owned private limited company.
A leading company in the heavy machinery / equipment industry, Dai Lieng’s core business activities are in the sales, service, parts and other necessary after sale support of heavy equipment for construction, forestry machineries, material handling and warehousing equipment, road transport equipment, electricity generating set, other industrial equipment, machine component and spare parts, and attachments, allied fittings and equipment.
With a vision to be the most preferred professional, one-stop machineries and automotive solution provider in Malaysia, in particular, East Malaysia. Dai Lieng’s mission is to provide diversified, value-added products, aftersales services and solutions to trucks, agricultural related machineries and heavy equipment as well as automotive market, and to maintain long term good relationship with customers and business partners by providing good service, sales and after-sales service.
Dai Lieng constantly strives to offer its customers high quality, safe, environmentally friendly and new generation of vehicles and equipments. Dai Lieng is always looking beyond customers’ needs, delivering high-performance products and services that help to improve its customers’ business.
DAI LIENG MEDIA QUESTIONS:
MICHAEL TIONG
Dai Lieng Machinery Sdn Bhd
Email : michaeltiongcl@dailieng.com.my
DAVID TIONG
Dai Lieng Machinery Sdn Bhd
Email: david.tiong@dailieng.com.my