Malaysia’s Naza Automotive Manufacturing is expanding production capacity as it eyes a larger share of the domestic market share as well as higher export sales.
The company plans to invest MYR714m (US$230m) in its Gurun plant by 2015, which would bring total investments to MYR1.21bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Capacity will be raised to close to 100,000 vehicles per year, with the forthcoming C-segment Peugeot – code-named T73 – a key model in its future line-up.
The company expects output of this model to reach 60,000 units by 2016, with a significant proportion to be sold overseas. It is targeting export revenues of MYR2.5bn by 2016, from markets across the Asia region -and as far away as Australia and New Zealand.
Naza’s Gurun plant, which has a production capacity of 50,000 units per year at present, produces Kia vehicles as well as Peugeots. The group also distributes vehicles for Mazda, Porsche and Ferrari.
