KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will expand its annual production capacity to 300,000 vehicles with a new RM790mil plant, which will be adjacent to its 19-year-old manufacturing facility in Rawang.
Perodua managing director Datuk Aminar Rashid Salleh said the new plant will have more automation, improved systems and new technology.
"This new plant is part of our five-year strategic roadmap to stay competitive in the ever liberalising automotive industry by helping us to be more productive and efficient, as well as reduce cost," said Aminar.
The new plant will have an annual production capacity of 100,000 vehicles on a single shift cycle, compared with the existing plant's annual capacity of 200,000 units on a two-shift cycle.
The plant will be set up under a new company, and mass production is slated to begin in mid-2014.
Aminar also said the new plant was essential as Perodua is aiming to compete at a global level.
"There is increasing competition also in the domestic market. We also want to at least maintain our dominant 28% to 30% domestic market share."
The expanded production capacity would also cater to the domestic market, which is projected to hit a Total Industry Volume (TIV) of one million units by 2020 according to the Malaysia Automotive Institute (MAI).
In 2011, the TIV was 600,123 units according to data from the Malaysian Automotive Association.
Perodua is also aiming to increase its exports to 20,000 units per year by 2015, from the 10,000 units exported this year to Indonesia, Sri Lanka, Nepal, Mauritius, Brunei, Singapore and Fiji.
Aminar also said Perodua had recorded sales of 170,000 units as of end-November, and was on track to achieve its target sales of 188,000 units this year.
Meanwhile, in a press statement, Daihatsu Motor Co Ltd said the new Perodua plant would produce fuel-efficient and affordable compact cars.
Daihatsu Motor holds a 20% stake in Perodua.
"In anticipation of intensifying global competition in the future, Daihatsu is working on structural transformation of local operations in Malaysia, which it has determined to be a key base for its overseas business."
Perodua and Daihatsu's announcements today came in the wake of news that their rival Proton is collaborating with Honda and has bought Petronas engines to use in future models.
Perodua managing director Datuk Aminar Rashid Salleh said the new plant will have more automation, improved systems and new technology.
"This new plant is part of our five-year strategic roadmap to stay competitive in the ever liberalising automotive industry by helping us to be more productive and efficient, as well as reduce cost," said Aminar.
The new plant will have an annual production capacity of 100,000 vehicles on a single shift cycle, compared with the existing plant's annual capacity of 200,000 units on a two-shift cycle.
Aminar says the new plant will improve Perodua's competitiveness
and efficiency.
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Aminar also said the new plant was essential as Perodua is aiming to compete at a global level.
"There is increasing competition also in the domestic market. We also want to at least maintain our dominant 28% to 30% domestic market share."
The expanded production capacity would also cater to the domestic market, which is projected to hit a Total Industry Volume (TIV) of one million units by 2020 according to the Malaysia Automotive Institute (MAI).
In 2011, the TIV was 600,123 units according to data from the Malaysian Automotive Association.
Perodua is also aiming to increase its exports to 20,000 units per year by 2015, from the 10,000 units exported this year to Indonesia, Sri Lanka, Nepal, Mauritius, Brunei, Singapore and Fiji.
Aminar also said Perodua had recorded sales of 170,000 units as of end-November, and was on track to achieve its target sales of 188,000 units this year.
Meanwhile, in a press statement, Daihatsu Motor Co Ltd said the new Perodua plant would produce fuel-efficient and affordable compact cars.
Daihatsu Motor holds a 20% stake in Perodua.
"In anticipation of intensifying global competition in the future, Daihatsu is working on structural transformation of local operations in Malaysia, which it has determined to be a key base for its overseas business."
Perodua and Daihatsu's announcements today came in the wake of news that their rival Proton is collaborating with Honda and has bought Petronas engines to use in future models.