Deal typeManagement buy-out
Moulding a global expansion
Teknicast is one of Malaysia’s leading manufacturers of aluminium die-casting products, employing around 750 workers at its site just outside Kuala Lumpur. The company’s high quality products are manufactured using precision machining, giving them a competitive edge over lower-grade products manufactured elsewhere in Asia. They are mainly used in the international oil and gas industry.
The global aluminium die-casting market is forecast to grow at a CAGR of 9.96% up to 2018, following its recovery from global economic recession, with an increasing need for superior quality products. As foundries in developed countries have shut down over the last few decades, it will be those production facilities in emerging markets – especially the APAC region – that will meet growth in demand.
Teknicast built a reputation for quality and engineering capability among its long term customers in the US and Europe and remains well-positioned globally to keep increasing its sales.
Actis exited Teknicast in 2015.