SUBANG JAYA, Malaysia, 6 February 2015 —— PROTON Holdings Berhad (“PROTON”) announced the signing of a Memorandum of Understanding (MoU) with PT. Adiperkasa Citra Lestari (“PT ACL”) to establish cooperation ties between Malaysia and Indonesia (“Parties”) in relation to the development and manufacturing of Indonesia National Car.
Signing on behalf of PROTON was Chief Executive Officer, Dato’ Abdul Harith Abdullah and witnessed by the Malaysian Ambassador to the Republic of Indonesia, H.E. Dato’ Seri Zahrain Mohamed Hashim whilst signing on behalf of PT ACL was Chief Executive Officer, Abdullah Mahmud Hendropriyono and witnessed by Indonesian Ambassador to Malaysia, H.E. Herman Prayitno. The historic event was held in the presence of the Prime Minister of Malaysia, Yang Amat Berhormat Dato’ Sri Mohd Najib Tun Abdul Razak; Indonesian President, His Excellency Joko Widodo; and PROTON Chairman, Yang Amat Berbahagia Tun Dr Mahathir Mohamad at the PROTON Centre of Excellence in Subang Jaya.
The MoU is aimed at furthering business opportunities between both companies of the two neighbouring countries in areas relating to the development and manufacturing of the proposed vehicle project.
Under the MoU, a feasibility study will be conducted to explore specific areas of cooperation between the two companies, including the potential development and manufacturing of the project in the Republic of Indonesia. The MoU is only an expression of the current intention of the Parties and is not binding on both Parties.
“The collaboration will be good as both nations specifically work together to develop products for the larger market. Furthermore, PROTON, which has the facilities, capabilities and technology know-how in design, development and manufacturing of cars, is the only company in the ASEAN region with a Research & Development (R&D) facility in-house. No other countries in this region have their own national car project other than providing manufacturing and assembly services. Therefore, we are pleased with the opportunities this MoU presents as this collaboration allows both nations and companies to provide knowledge-transfer and mutual sharing of expertise in the area of automotive whilst strengthening the bilateral ties among the countries,” said Dato’ Harith.
“The MoU serves as a positive start to both nations. As the region’s major player in the automotive market, PROTON welcomes such cooperation with PT ACL for the benefit of all. Closer ties between both companies will surely facilitate international and regional investments, spurring more automotive markets activity and economic development,” he added.
Meanwhile, Abdullah Mahmud said the MoU was a major development for the Indonesian automotive industry where the collaboration will offer a wider job opportunity to its people.
“We are very happy to be working with PROTON and Malaysia in this project. With the expertise that PROTON has and our similar culture and environment, we are confident that PROTON can help to train and develop a pool of specialist workforce for our automotive industry. This collaboration when materialised will not only spur the Indonesian automotive industry further but also expand knowledge and capabilities of our people,” he said.
With the collaboration potential, both companies will come out with a feasibility study in the overall areas of the automotive operations and business, including the commercial and technical aspects of the project. Apart from that, the Parties would also evaluate and work together to develop plans on localisation activities, purchasing activities, engineering and design activities, logistic services, market studies and other relevant processes relating to the project. Subject to the completion of a successful feasibility study, PROTON and PT ACL will sign a definitive joint venture agreement for the proposed project.
“This is another important and significant milestone for PROTON as we embark on yet another strategic partnership for a greater vision. PROTON is ever willing to assist Indonesia and any country that wants to grow together with the company, with the blessings of the Malaysian Government. To this end, we certainly look forward towards detailing out our plans and the feasibility study on this collaboration to achieve what we hope will provide synergy to the future plans of the Parties,” added Dato’ Harith further.
PROTON, established in 1983, is a wholly-owned subsidiary of DRB-HICOM Berhad and Malaysia’s largest manufacturer of automobiles, and the only full-fledged OEM car manufacturer in South-East Asia. With operations from the UK to the Middle East, and across South-East Asia and Australasia, PROTON produces cars to suit a range of consumer demands and preferences.
Its offerings include versatile and reliable four-door family vehicles such as the Saga and Persona, the Satria Neo three-door hatchback for the young-at-heart and stylish executive sedans such as the Prevé and Inspira. There are also the spacious and affordable multi-purpose vehicles like the Exora, sleek sporty Suprima S that is packed with performance and the bold and stylish Iriz that is packed with safety and convenient features as well as world-renowned sports cars from LOTUS. Most importantly, PROTON models are developed with LOTUS Engineering, offering customers superior ride and handling experience in every drive.
PROTON’s inception as a key driver of national development has seen the brand accelerate its learning curve through technology transfer with strategic partnerships and technical collaborations. By listening to the needs of customers, PROTON cars are now steadily on track to achieve the mission for the future, with PROTON set to become a marque which builds quality and safe cars with passion and soul; cars that are a delight to drive – and a pleasure to own.
About PT ACL
PT ACL is a Special Purpose Vehicle, a pioneer company with the intention to manufacture National Car in Indonesia, whose promoter are engaged in investments in resource based on industrial infrastructure development.