Perodua unveils $520m expansion plan<\/p>\n
KUALA LUMPUR (AFP): Malaysia's second national car maker
\nPerodua yesterday unveiled a 1.3-billion-ringgit (US$520 million)
\nfive-year expansion plan to boost production and enhance its
\nmarket share.<\/p>\n
Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) managing
\ndirector Abdul Rahman Omar said the program included the
\nestablishment of a second plant and a research and development
\nbuilding complete with test facilities.<\/p>\n
\"Hopefully with the research and development in place, we can
\nproduce our own car model by the year 2001,\" Abdul Rahman was
\nquoted by Bernama news agency as saying.<\/p>\n
An expansion of production lines at its existing plant in
\ncentral Selangor state would also help the company cope with
\nprojected higher sales for Perodua vehicles by the end of the
\ncentury, he added.<\/p>\n
Perodua was launched in 1994 as a joint venture among Japan's
\nDaihatsu, Mitsui and Co. Ltd., Malaysia's UMW Corp. and a group
\nof Malaysian investors.<\/p>\n
It produces variants of the mini Kancil and the multi-purpose
\nRusa vehicle and also assembles cars for Daihatsu.<\/p>\n
Abdul Rahman said the company had started work on a new
\nDaihatsu variant and planned to introduce three new models over
\nthe next three years to boost sales of Perodua vehicles to more
\nthan 147,000 units by 1999.<\/p>\n
Perodua chalked up sales of 49,467 units last year, garnering
\na market share of 17 percent.<\/p>\n
Deputy Prime Minister Anwar Ibrahim earlier launched a new
\nassembly line at Perodua's plant in Selangor, which would raise
\nannual production to 120,000 units from about 65,000 now.<\/p>\n
Anwar called on Perodua to strengthen its technological
\nstrength and enhance its competitiveness in an open market as
\nMalaysia prepares to liberalize its auto industry.<\/p>\n
Perodua also received two certificates from Britain's Vehicle
\nCertification Agency in acknowledgement of its ability to produce
\nquality vehicles, allowing its cars to be registered throughout
\nthe European Union.<\/p>",
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