Volkswagen Planning Pekan, Malaysia, Manufacturing Plant
12/21/2010
"Developing the market potential of the region is of major significance for the VW Group's long-term growth strategy," said VW Board Member Christian Klingler.
DRB will fund 70 percent of the investment, while VW will build production infrastructure and finance training and quality controls at an existing DRB facility in Pekan, Malaysia.
DRB will produce about 3,000 VW vehicles each year and increase production after 2012.
VW is planning sales and production growth in Southeast Asia from 14,000 vehicles last year to up to 50,000 in the coming years.
The VW vehicles produced in Malaysia will be available for purchase by the fourth quarter of 2011. They are slated for the Malaysia auto market and could be exported to other Southeast Asian countries.
Most Read
-
-
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
Q2 2018
-
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
Q1 2019
-
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Q3 2018
-
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018
-
A Changing Food Manufacturing Industry
2017 Food Processing
-
Opportunity Zones Can Uplift Communities and Investors Alike
Q2 2019