Perodua expects to ink agreement with Proton

Perodua expects to ink agreement with Proton on strategic collaboration by year-end or early 2012 

According to Bernama, Perodua says it expects to ink a collaboration agreement with Proton later this year or by early 2012. The company says it has had meetings with Proton at the highest level, and a strategic collaboration for both parties is well on the cards.

“There are a few areas that we are trying to collaborate. They are still at discussion stage. I think we are happy with the items. We will make the announcement on a memorandum of understanding this year or next year,” Perodua MD Datuk Aminar Rashid Salleh was quoted as saying.

Aminar added that there was no change in Perodua’s stance on the proposed merger with Proton. “We are against the merger. We have our own plans, going forward,” he said.

In other news, Perodua will be announcing details of its new electronic automatic transmission (EAT) plant in the near future. Aminar said that the company will reveal details on the equity structure of the plant as well as its exact location when the announcement is made.

“We are setting up a joint venture. It’s still in discussion. We’ll make announcement on the equity structure of both Perodua and our Japanese partner (Daihatsu), as well as the location of the plant in the next one or two months, whether it will be in Selangor or outside Selangor,” he told reporters today.

Perodua was also mulling whether the plant will be constructed at one go, or in phases, adding that at least RM200 million is to be invested on the factory, which will produce transmissions for both the domestic and export markets.