Kia Motors develops regional auto hub

Tue, 21 Dec 2004, 00:00 WIB | Source: AP

KUALA LUMPUR: South Korean automaker Kia Motors plans to buy a
stake of at least 15 percent in Malaysia auto assembler Naza
Automotive Manufacturing in a bid to develop a regional auto hub
in Malaysia, a news report said on Monday.

The plan probably will be finalized next year, Kia Motors
Corp.'s Kuala Lumpur-based Asia-Pacific managing director, Young
S. Koh, told the Business Times daily.

Naza Automotive Manufacturing Sdn. Bhd., a unit of privately
owned conglomerate Naza Group, operates a 300 million ringgit
(US$80 million) auto assembly plant in Malaysia's northern Kedah
state.

"The factory will eventually be used as a regional hub for
Kia," Koh was quoted as saying. Naza's Kedah plant may be used in
the future to assemble Kia vehicles for export to regional
markets, Koh said, according to the report. -- AP

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