To jog your reminiscence, Perodua Gross sales Sdn Bhd (PSSB) and Tan Chong Motor Assemblies Sdn Bhd (TCMA) final month signed a letter of intent (LOI) for the latter to supply electro-deposition coating and portray line companies, in addition to rental and use of sure designated meeting strains, for the Perodua QV-E.
The Edge now experiences, citing executives aware about the deal, that Perodua is contemplating shopping for Tan Chong’s Serendah plant – situated simply 3 km away from the previous’s Sungai Choh base – for about RM500 million.
“Perodua is leasing a capability of 30,000 models per 12 months at Tan Chong’s Serendah facility, which has a manufacturing capability of round 40,000 models per 12 months. It is usually the potential of buying the Serendah plant,” one of many executives stated, including that the leasing deal is predicted to contribute some RM80 million to Tan Chong.
It could seem like a win-win scenario. Perodua is already working past its most capability of 320,000 models yearly (its two vegetation – Perodua Manufacturing Sdn Bhd and Perodua International Manufacturing Sdn Bhd – mixed), whereas Tan Chong has been dealing with under-utilisation at its Serendah and Segambut vegetation, which have a mixed capability of 65,000 models a 12 months, say analysis analysts.
The Edge writes that in line with a November 26 Kenanga Analysis report, Tan Chong has a 13% manufacturing capability utilisation fee (8,450 models). Solely 7,785 Nissans discovered Malaysian properties final 12 months – TCMA Serendah presently assembles the Serena and Almera whereas TCMA Segambut makes the X-Path, in addition to non-Nissan automobiles such because the GAC GS3 Emzoom, GAC Emkoo and TQ Wuling Bingo.
The Edge experiences that Kenanga Analysis forecasts a RM185.5 million internet loss for Tan Chong in FY2025 and a RM164.3 million internet loss in FY2026, whereas RHB Analysis forecasts RM166 million and RM107 million respectively. Within the first 9 months of 2025, the corporate’s internet loss shrunk to RM114.3 million from RM146.11 million in the identical interval final 12 months, whereas its income elevated 3.23% to RM1.62 billion.
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