PETALING JAYA: Bintai Kinden Corp Bhd has formed a 51:49 joint venture (JV) with Petro Flanges & Fittings Sdn Bhd (PFF) to supply materials and equipment to the local and international oil and gas (O&G) industry, including the Middle East via the distributorship channel of PFF.

       Bintai Kinden, in a statement, said the companies would set up the JV, Bintai Energy Sdn Bhd, to capitalise on the expected O&G industry recovery as capital investments pick up at home and abroad.

       Bintai Kinden’s wholly-owned unit Kejuruteraan Bintai Kindenko Sdn Bhd, yesterday entered into a special purpose vehicle and shareholder’s agreement with PFF for the strategic collaboration.