KUALA LUMPUR: TAN CHONG MOTOR HOLDINGS BHD [] will invest RM285.0 million to manufacture and assemble luxury passenger cars at the Kota Kinabalu Industrial Park in Sabah.
Tan Chong said on Friday, Nov 12 it had received an approval from the Ministry of International Trade and Industry for a manufacturing licence at the industrial park to manufacture and assemble luxury passenger vehicles and commercial vehicles.
'The approval letter is subject to, among others, the condition that the manufacturing and assembly activities shall be for luxury passenger cars with engine capacities of 1,800cc and above, at on the road price of not less than RM150,000,' it said.
Tan Chong said the project would focus on the CONSTRUCTION [] of a manufacturing facility for 4-wheel drive vehicles with an initial planned production capacity of 3,000 units per annum.
'The group plans to invest up to RM285 million for the project (including purchase of 50 acres of land in the industrial park), which will be implemented over several phases,' it said.
The Sabah-owned industrial estate is 25 km north of Kota Kinabalu and occupies 8,320 acres, and it is set to be the next major centre of growth for the state.
Tan Chong said the state government's plan was to establish Sabah as the gateway to the Brunei-Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA).
Tan Chong said on Friday, Nov 12 it had received an approval from the Ministry of International Trade and Industry for a manufacturing licence at the industrial park to manufacture and assemble luxury passenger vehicles and commercial vehicles.
'The approval letter is subject to, among others, the condition that the manufacturing and assembly activities shall be for luxury passenger cars with engine capacities of 1,800cc and above, at on the road price of not less than RM150,000,' it said.
Tan Chong said the project would focus on the CONSTRUCTION [] of a manufacturing facility for 4-wheel drive vehicles with an initial planned production capacity of 3,000 units per annum.
'The group plans to invest up to RM285 million for the project (including purchase of 50 acres of land in the industrial park), which will be implemented over several phases,' it said.
The Sabah-owned industrial estate is 25 km north of Kota Kinabalu and occupies 8,320 acres, and it is set to be the next major centre of growth for the state.
Tan Chong said the state government's plan was to establish Sabah as the gateway to the Brunei-Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA).
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