Type | Announcement |
Subject | Progress update on new assembly plant in Serendah |
The detailed technical studies and design activities for the new assembly plant were carried out over the last 12 months with the assistance of Nissan Motor Co. Ltd. ("Nissan"). Based on the final plant design and equipment specification, the total project cost for the new assembly plant in Serendah is now estimated at RM191 million. The higher project cost, as compared to the original estimate, is mainly due to:
1. larger built-up area of the plant building to incorporate the latest production method;
2. higher specification of equipment; and
3. inclusion of the cost of peripheral equipment and facilities.
The Group has also agreed, in principle, with Nissan on the new models to be assembled in the new assembly plant targeted to be ready for production in early 2007.
Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
Stock Name | TCHONG |
Date Announced | 3 Jan 2006 |
Category | General Announcement |
Reference No | TC-060103-5AC54 |