Daihatsu to build new factory in Malaysia

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DaihatsuJapan’s Daihatsu Motor Co said on May 28 it would spend about $185 million to build a new engine production factory in Malaysia.

The plant will be operated by a new company to be jointly established by Daihatsu and local company Perodua.

Daihatsu and Perodua will hold a 51 per cent and 49 per cent stake respectively in the new engine manufacturing company, which will have a paid-up capital of $51 million, Perodua said in a statement.

Daihatsu, a subsidiary of Toyota Motor Corp, said the plant would begin operation in mid-2016 and produce 140,000 engines per year. It covers 142,000 square meters of land and will employ an initial 150 new workers.

The company said it is ramping up efforts to enhance local operations in the Malaysia, which it considers to be a key base for its overseas business.

Perodua President and Chief Executive Officer Datuk Aminar Rashid Salleh said the new investment is part of Perodua’s transformation plan to become a globally competitive company in terms of quality, cost and delivery and to enhance the power train eco-system in the automotive industry.

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Reading Time: 1 minute

Japan’s Daihatsu Motor Co said on May 28 it would spend about $185 million to build a new engine production factory in Malaysia.

Reading Time: 1 minute

DaihatsuJapan’s Daihatsu Motor Co said on May 28 it would spend about $185 million to build a new engine production factory in Malaysia.

The plant will be operated by a new company to be jointly established by Daihatsu and local company Perodua.

Daihatsu and Perodua will hold a 51 per cent and 49 per cent stake respectively in the new engine manufacturing company, which will have a paid-up capital of $51 million, Perodua said in a statement.

Daihatsu, a subsidiary of Toyota Motor Corp, said the plant would begin operation in mid-2016 and produce 140,000 engines per year. It covers 142,000 square meters of land and will employ an initial 150 new workers.

The company said it is ramping up efforts to enhance local operations in the Malaysia, which it considers to be a key base for its overseas business.

Perodua President and Chief Executive Officer Datuk Aminar Rashid Salleh said the new investment is part of Perodua’s transformation plan to become a globally competitive company in terms of quality, cost and delivery and to enhance the power train eco-system in the automotive industry.

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