Business Services Industry
Big boys are beefing up Malaysian operations, BUSINESS TIMES
Business Times (Malaysia), July, 2000 by Zulkifli Othman
Business Times (Malaysia) 07-04-2000 EVEN as Malaysia's home-grown automotive industry gets a two-year reprieve from head-to-head competition with foreign carmakers under Asian Free Trade Area (Afta) rules, the big boys are beefing up Malaysian operations. Malaysia has requested, and received, approval from its Afta partners to defer opening up of its automotive sector to 2005 instead of 2003.
Ford Motor Co announced last week it was investing an additional RM22.5 million and raising its stake in its local assembler and distributor, Amim Holdings Sdn Bhd, to 49 per cent from its 30 per cent stake. The investment lets Ford acquire a 19 per cent stake in Amim Holdings from its joint-venture partner, Tractors Malaysia Holdings Bhd, to increase its...
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