PHZ Bumar-Malaysia offset deal for $300 million

The government of Malaysia is prepared to buy 48 tanks and 14 trucks for $300 million if it is receives offset proposal in return. A contract 20% of this value will be signed at the beginning of February. "Malaysia took an interest in our offset regulations," said an anonymous representative from the sector. "We are negotiating the terms and the buyer wants specific technologies for military production, whose value amounts to 20% of the contract," said Roman Baczynski, President of PHZ Bumar. Company representatives did not want to disclose what type of equipment will be supplied. However, it is known that Malaysia is looking for plants producing artillery parts. (Puls Biznesu, p. 3) A.C.