KUALA LUMPUR, Dec 9 (Bernama) — UMW Group’s wholly-owned subsidiary, UMW Innovation and R&D Centre Sdn. Bhd. (“UIRDC”) has entered into a Memorandum of Understanding (“MoU”) with UPM Holdings Sdn. Bhd. (“UPMH”), a wholly-owned subsidiary of Universiti Putra Malaysia (“UPM”) to explore opportunities in developing green and sustainable technology.
UIRDC was set up to accelerate the development of innovative products, processes and services which can enhance the UMW Group’s competitiveness while UPMH was established as a business-arm of UPM to commercialise its expertise and intellectual properties (“IPs”) for the betterment of the nation. The areas of cooperation, which benefit both parties, will entail contract research and commercialisation of IPs.
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