Porsche to set up plant in Malaysia, its first out of Germany: report

Germany’s sports car maker Porsche is reportedly setting up an assembly plant in Malaysia as its first such facility outside Germany, according to a report in local newspaper The Edge, which cited insiders.

The facility would be a plant for a completely knocked-down manufacturing process in which a manufacturer completely strips down or disassembles a vehicle at the origin and reassembles it in another country.

Porsche will partner with Inokom Corp., a unit of Malaysian trading and logistics conglomerate Sime Darby Bhd., which has been Porsche’s local distributor since 2010, the report said.

No official confirmation yet

The facility would be located in Malaysia’s northwestern state of Kedah, the report said, but added that there has been no official confirmation from neither of the mentioned companies.

The move by Porsche is seen to be a much-needed boost for Malaysia’s auto industry, which has lagged behind Indonesia and Thailand in securing big investments by global automakers, the report said.

Christian Weiss, Porsche’s deputy director of corporate communications, did not directly answer to questions about the potential new facility, but said that Porsche was of the opinion that “Southeast Asia has great potential and the company is continuously examining options for further growth in this market,” according to the report.



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Germany’s sports car maker Porsche is reportedly setting up an assembly plant in Malaysia as its first such facility outside Germany, according to a report in local newspaper The Edge, which cited insiders. The facility would be a plant for a completely knocked-down manufacturing process in which a manufacturer completely strips down or disassembles a vehicle at the origin and reassembles it in another country. Porsche will partner with Inokom Corp., a unit of Malaysian trading and logistics conglomerate Sime Darby Bhd., which has been Porsche’s local distributor since 2010, the report said. No official confirmation yet The facility would...

Germany’s sports car maker Porsche is reportedly setting up an assembly plant in Malaysia as its first such facility outside Germany, according to a report in local newspaper The Edge, which cited insiders.

The facility would be a plant for a completely knocked-down manufacturing process in which a manufacturer completely strips down or disassembles a vehicle at the origin and reassembles it in another country.

Porsche will partner with Inokom Corp., a unit of Malaysian trading and logistics conglomerate Sime Darby Bhd., which has been Porsche’s local distributor since 2010, the report said.

No official confirmation yet

The facility would be located in Malaysia’s northwestern state of Kedah, the report said, but added that there has been no official confirmation from neither of the mentioned companies.

The move by Porsche is seen to be a much-needed boost for Malaysia’s auto industry, which has lagged behind Indonesia and Thailand in securing big investments by global automakers, the report said.

Christian Weiss, Porsche’s deputy director of corporate communications, did not directly answer to questions about the potential new facility, but said that Porsche was of the opinion that “Southeast Asia has great potential and the company is continuously examining options for further growth in this market,” according to the report.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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