News dalla rete ITA

2 Marzo 2018



The year 2018 is shaping up to be an exciting one for the car industry as global manufacturers rev up their operations in Malaysia to capture bigger slices of a growing market. This can be seen through the MoU signing by both parties, Naza Corp Holdings (Naza Group) represents Malaysia and Groupe PSA from France which is the second largest car manufacturer in Europe, in Naza Automotive Manufacturing (NAM) plant in Gurun Kedah. As a result, the partnership between both parties will help develop a dynamic motor vehicle industry in Malaysia. Hence, it creates new models of automotive manufacturing with local vendors upgrading their skills, leading to knock-on effects, which would benefits the local industries and communities. The automotive assembly plant is parked under Naza Automotive Manufacturing Sdn Bhd which was set up in 2004 at of €145.09 million (RM700 million). At present, the plant, which has annual production capacity of 50,000 units, manufactures Kia, Peugeot and Citroen vehicles for the local and overseas markets. The overseas markets include Thailand, Indonesia, Brunei, Sri Lanka, Australia, New Zealand and right-hand-drive markets in Africa. In fact, Groupe PSA, via Naza made Malaysia its right-hand-drive production hub back in 2010. Other than assembly plant, the sprawling of 140 acres facility also has two-storey office, a test track, lots for vendors and suppliers to operate and accommodation and recreation facilities for Naza’s 1,000 employees. NAM is forecast to produce in 2019 is 18,000 units with another 21,000 units in 2020 which generate revenues of €150.06 million(RM724 million) and €200.43 million (RM967 million) respectively. As foresee, NAM will be the main export hub for Groupe PSA to expand its presence in the ASEAN market, as they believe with the strength shown by NAM in the region for the 10 years. Besides, the economy is expected to boost as the partnership leads to the increase in number of local vendors by 70 over the next five years and additional 1,200 jobs in Kedah. Naza Group’s will have sole responsibility for the distribution of Peugeot, Citroen and DS Automobiles in the domestic markets and Groupe PSA will explore distribution prospects in other ASEAN markets to address the potential 680 million customers in the region. Meanwhile, the collaboration is also a potential for Kedah to be the leading motor vehicle manufacturing hub in the country. Resource: The Edge Markets Link:   (ICE KUALA LUMPUR)