Proton Holdings Bhd’s Gen 2 model will be assembled in Iran from April 2009 in a deal with a local partner.
Proton and Zagross Khodro inked an agreement here Tuesday for the supply of automotive parts that allows the latter to assemble the Gen.2 through a completely knocked-down (CKD) arrangement at its assembly plant in Borujerd city, southwest of Iran.
The signing was witnessed by Iranian President Mahmoud Ahmadinejad and Malaysia Prime Minister Datuk Seri Abdullah Ahmad Badawi who is on a four-day official visit to Iran.
Currently, Proton is exporting completely built-up (CBU) Gen.2 to this country of over 70 million people.
This is the third of a series of agreements aimed at enabling Zagross, Proton’s sole distributor in Iran, to assemble the Gen.2.Signing the dotted line for Proton was its managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir while Zagross was represented by its managing director, Siroos Gholami.
Present were Proton chairman Datuk Mohammed Azlan Hashim and Zagross chairman Dariush Gholami.