FastMotoring Motor News In Speed
Mazda Motor Corporation and Bermaz Motor Sdn. Bhd (Bermaz) have established Mazda Malaysia Sdn. Bhd. (Mazda Malaysia), a joint venture company in Malaysia. The commemorative signing ceremony of the joint venture agreement took place today in the new headquarters located in Shah Alam, Selangor in Malaysia. In attendance were Mazda’s Director and Senior Managing Executive Officer, Yuji Nakamine and Bermaz’s CEO, Dato Ben Yeoh.
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Mazda Malaysia was established in order to strengthen and expand Mazda’s brand and business opportunities in Malaysia and enable the company to respond quickly to the needs of the market. The new joint venture’s main roles are to oversee local production and distribution of locally-assembled models to Bermaz, sole distributor in Malaysia.
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The new Mazda CX-5 will be assembled at the Inokom plant in the Malaysian state of Kedah starting from second quarter of 2013. The CX-5 will be the second Mazda model to be assembled in the country. The first was the Mazda3 CKD, which started in January 2011.
At the ceremony, Yuji Nakamine said “Mazda considers Malaysia as one of its most important markets. Based on this strong partnership with Bermaz, in whom we place our complete trust, we will strengthen our business and brand in Malaysia.”
Joint venture company outline
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Company name: |
Mazda Malaysia Sdn. Bhd. |
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Headquarters: |
Shah Alam, Selangor in Malaysia |
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Established: |
September 2012 |
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Representative: |
Shinji Sakatani, President |
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Capital: |
2.1 billion Japanese yen (JPY) |
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Shareholders: |
Mazda 70%, Bermaz 30% |
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Business: |
Assembly of Mazda vehicles (consignment production) and its distribution to Bermaz |
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No. of employee: |
30 |
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Models produced: |
Mazda3 and CX-5 (annual production target: 3,000 units each) |
Photo Gallery: 2012 Mazda CX-5
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