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  Bagan Datuk set to become latest automotive hub
Last update: 05/05/2018

BAGAN DATUK, May 5 (Bernama) -- Bagan Datuk is set to become Malaysia's latest automotive hub, with an investment of RM500 million that is set to create 4,000 jobs.

Announcing the project here today, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the Tan Chong Automotive and Commercial Vehicle Hub, spanning 138.7 hectares, was expected to begin operations in 2021. 

He said the project demonstrated Tan Chong Motor Group's commitment towards Malaysia's industrialisation and economic growth. 

"We anticipate 10,000 job opportunities to be created in Bagan Datuk through all projects, out of which 4,000 jobs would be available at the automotive hub. Our announcement of establishing an automotive hub here has become a reality," he said at a press conference here. 

Also present were Tan Chong Motor Holdings Bhd President Datuk Tan Heng Chew and Sime Darby Chief Adviser and Value Officer Datuk Franki Anthony Dass.

Meanwhile, Tan said the project would start this month after some technical matters had been finalised. 

For Phase 1, he said the Group would fork out a total outlay of RM100 million for the project, which will be utilised for land acquisition and construction of a bus and truck plant. 

"Once completed, this new plant will cater to the production needs of the local and export markets. 

"Spin-offs from this investment, including the creation of jobs, influx of new pertinent investments and spurring of the district's economic growth, are also expected to strategically tap into the growth areas of the Northern Corridor Economic Region," he said. 

Tan Chong Group currently operates two automotive assembly plants -- in Segambut, Kuala Lumpur, and Serendah, Selangor, and an automotive assembly plant each in Vietnam and Myanmar. 

At present, it exports buses to Singapore, Hong Kong and Myanmar, and plans to continue exploring the potential markets in the region, including Thailand, Sri Lanka, Vietnam and Indonesia. 

-- BERNAMA