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November 10, 2010

Taiping Cable Car links up with Austrian firm

TAIPING Cable Car Sdn Bhd has signed an initial pact with Austria's Doppelmayr to explore the potential of cable car projects in Malaysian cities.

The cable car service is environmentally-friendly and it also helps to reduce traffic congestion. Countries like Algeria, Venezuela and Portugal are among those that have cable cars in cities.

Doppelmayr manufactures chairlifts, cable cars, gondolas, surface tows for ski and amusement parks as well as urban people movers and material handling systems. The group has produced over 13,700 installations in 78 countries.

Locally, the group has also built the RM50 million cable car service in Langkawi.

"We are keen to work with Doppelmayr which is among the world's key players in cable car service. The partnership will allow our company to tap Dopplemayr's technical expertise once we have identified the area to provide cable car service," said executive chairman Datuk Seri Talaat Husain in Kuala Lumpur.

Talaat did not reveal more on the company's plans but hopes that the project will take off in 2012.

The memorandum of understanding between both companies was signed yesterday in conjunction with the visit of Austrian President Dr Heinz Fischer.

In his opening address at the Malaysia-Austria Economic Forum yesterday, Fischer said Austria is keen to explore business opportunities in areas like environmental technology and renewable energy.

Executives from some 45 Austrian companies headed by vice president of the Federal Economic Chamber Dr Christoph Matznetter joined the president's three-day visit.

They represented various sectors such as machinery, tourism, information and technology, healthcare and pharmaceutical.

Source: BTimes