Perodua welcomes any form of collaboration with Proton.Read the full news from Bernama below.
PERODUA WELCOMES COLLABORATION WITH PROTON, SAYS MANAGING DIRECTOR.
KUALA LUMPUR, August 5 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) welcomes any form of collaboration with Proton, its managing director Aminar Rashid Salleh said Thursday.
“We welcome any form of collaboration with Proton. As you know, we are already a supplier of cylinder heads to Proton and we share some common vendors,” he told reporters after the signing of a memorandum of understanding on the supply chain financing programme between Perodua and CIMB Group here.
“There are definitely areas for us to collaborate,” he said.
In a recent news report, the Proton Vendors Association (PVA) said merging Proton and Perodua into a single entity will be a step forward to boost the Malaysian automotive industry.
PVA president Datuk Dr Wan Mohamed Wan Embong was quoted as saying that it would be timely for both national car manufacturers to look at the positive impact of consolidation as this could help the automotive industry to expand globally.
Perodua, which was established in 1993, is a joint venture company between Malaysian and Japanese partners.
The shareholders are UMW Corporation Sdn Bhd at 38 per cent, MBM Resources Bhd at 20 per cent, Daihatsu Motor Co Ltd at 20 per cent, PNB Equity Resource Corporation Sdn Bhd at 10 per cent, Daihatsu (Malaysia) Sdn Bhd at five per cent, Mitsui & Co Ltd at 4.2 per cent and Mitsui & Co (Asia Pacific) Pte Ltd at 2.8 per cent.
“In the first place, we do not know whether it is in the form of consolidation or merger. It is a subject matter that has been speculated by everybody. Consolidation can be in many form,” Aminar said.
“As far as Perodua is concerned, we have not been officially notified or called for discussion. It is very difficult for me to make any comment. At the end of the day, it is the shareholders’ call,” he said.
According to Aminar, Perodua’s focus has always been compact cars and it will continue to improve its strength as there is room for improvement.
He also said that Proton and Perodua have different business models but there were areas for collaboration.