Malaysia’s state-controlled carmaker Proton Holdings Bhd has said that it is not selling its Cikarang plant, near the Indonesian capital of Jakarta.
Go deeper with GlobalData
Proton was boosting its presence in Indonesia, a key export market for the company, its managing director Syed Zainal Abidin Syed Mohamed Tahir said in a statement.
He gave no further details. The firm said it was responding to an Indonesian media report.
Indonesia’s market for private cars was estimated to grow 12% a year, Proton said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
