Inokom spending RM40mil to boost car production


Inokom Corporation managing director Rizal Jailan (second left) with Hyundai Motor (Thailand) Co. Ltd president Hideki Yanagisawa (left) and Hyundai Motor Company Head of Asia & Pacific Regional Headquarters Hoo-Keun Kim (right) posing during the 'Official Rollout of Hyundai Elantra for export to Thailand' at Inokom's Assembly Plant at Padang Meha in Kulim, Kedah yesterday. Starpic Mustafa Ahmad

KULIM: Inokom Corp Sdn Bhd is spending RM40mil to ramp up its annual production of cars at its plant here to 34,000 by 2015 .

Inokom managing director Rizal Jailan said the amount was more than the capital expenditure spent for the financial year 2014 ended in June (FY14) recently.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Automotive , Inokom , Hyundai automotive

   

Next In Business News

Oil settles higher on Mideast supply concerns
MAA to sell entire stake in Turiya for RM53mil
Tesla’s plan for affordable cars takes page from Detroit rivals
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Rising data centre ability
CMM seeks feedback on Sector Guides for ESG disclosures
Making scents of success
Blackstone, KKR mortgage REITs stung by office debt challenges
Sapura Energy takes a step to turn the tide

Others Also Read