KEDAH may eventually emerge as a major production hub for South Korea's Hyundai Motor Corp in the Asean region, said Hyundai-Berjaya Corp Bhd executive director Datuk Ben Yeoh.
For a start, Inokom Corp Sdn Bhd's joint venture plant with Hyundai in Kulim, was being upgraded to cater to the increasing demand for Hyundai vehicles in this region, he said.
Hyundai-Berjaya Sdn Bhd, a subsidiary of Hyundai-Berjaya Corp, is the sole local distributor of the Inokom Atos produced by Inokom, which is also 35% owned by Berjaya Group Bhd.
Additionally, the Naza group of companies will have a motor vehicle factory in Gurun, Kedah, in a tie-up with Kia Motors Corp, a unit of the Hyundai Motors Group of South Korea. The Naza group presently produces its Kia vehicles in Pekan, Pahang.
Hyundai produces about 1.5 million vehicles annually worldwide while Kia makes about 1.1 million units yearly.
“The Inokom plant is making a major impact on the local economy in Kedah,” said Yeoh, who is also chief executive officer and executive director of Hyundai-Berjaya. “Besides assembly, it also makes some component parts.”
He said the plant not only provided but also led to many economic activities and supporting industries in the state, including logistics.
“Many businesses around the plant have also benefited,” Yeoh said after a lucky draw for purchasers of the Atos in Petaling Jaya yesterday.
He said Inokom was also making use of Penang Port to get the necessary imported component parts and export some of its assembled vehicles.
Yeoh said sales of Inokom Atos had shot past 17,000 units since the one-litre multi-functional vehicle was introduced early last year.
Hyundai-Berjaya's second best-elling model is the Hyundai Matrix multi-purpose vehicle with 914 units sold in the first quarter this year.
Yeoh said Inokom would soon start the local assembly of the Hyundai Matrix. – Bernama
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