BERNAMA: August 13, 2010 20:36 PM
DRB-Hicom And Volkswagen Ag To Collaborate On Production Of CKD Models
KUALA LUMPUR, August 13 (Bernama) -- DRB-HICOM Bhd and Volkswagen AG on Friday signed a memorandum of understanding (MoU) to collaborate on the assembly and manufacturing of Volkswagen vehicles in Malaysia.The MoU will pave the way for Volkswagen and DRB-HICOM to jointly plan the production of Volkswagen models in Malaysia, DRB-HICOM said in a statement.
The pact also included strengthening Volkswagen's existing sales activities and market presence in the country, said DRB-HICOM's group managing director Datuk Seri Mohd Khamil Jamil.
"This MoU is the culmination of intense discussions and both parties anticipate the production of the CKD (completely knocked down) models in Malaysia," he said.
The MoU was signed at Volkswagen Centre in Singapore by Mohd Khamil and Volkswagen's senior vice president, group manufacturing overseas, Dr Christof Spathelf and its head of sales for China and Asean, Soh Wei Ming.
Both Volkswagen and DRB-HICOM have planned that the Volkswagen CKD models will be assembled in Pekan, one of DRB-HICOM's automotive manufacturing facilities in Malaysia.
"We hope the entry of Volkswagen, Europe's biggest vehicle manufacturer into Pekan, would help to spur its transformation into a vibrant and self-sustaining regional automotive hub, as envisioned under the East Coast Economic Region initiative," said Mohd Khamil.
The group will also look at engaging the full participation of its component manufacturing companies, in a move to support Volkswagen's localisation programme, in line with the National Automotive Policy, he said.
"We are looking forward to an exciting future with Volkswagen and we foresee a mutually beneficial and successful partnership, especially in promoting and augmenting the national automotive industry," he added.
-- BERNAMA
Source: http://www.bernama.com/bernama/v5/newsbusiness.php?id=521107
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