Malaysia's Perodua spends $257 mln to boost car manufacturing

Newswire

KUALA LUMPUR, Dec 27 (Reuters) - Malaysia's second largest carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will invest 790 million ringgit ($257.52 million) to build a second manufacturing plant to boost production by 50 percent. The new plant, situated near to Perodua's existing facility in central Selangor state, will grow annual production to 300,000 vehicles, the company said in a statement on Thursday. Perodua's chief executive Aminar Rashid said the ...

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