Hyundai Motor Firm (HMC) is about to open its first plant in Malaysia subsequent 12 months with an funding valued at RM2.16 billion, Bernama stories.
Funding, commerce and trade minister Tengku Datuk Seri Zafrul Abdul Aziz stated it is going to be the South Korean carmaker’s largest funding in Malaysia and can present many job alternatives.
“It is a enormous funding. A complete of seven automobile fashions can be produced inside 5 years. The plant can be opened in Kulim (Kedah) subsequent 12 months,” he instructed Malaysian media masking prime minister Datuk Seri Anwar Ibrahim‘s official go to to South Korea right here at present.
Anwar and his delegation arrived in Seoul final evening for a three-day official go to. He had a closed-door assembly at present with HMC.
Kulim can also be the situation of contract assembler Inokom’s plant, which has been assembling Hyundai automobiles because the early-2000s, together with the facelifted fourth-gen Santa Fe, which is now the one locally-assembled (CKD) Hyundai automobile within the present line-up.
Extra questions than solutions to date, however we’ll report on additional developments as they arrive.
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