Porsche plans assembly plant in Malaysia

Porsche AG is setting up an assembly plant in Malaysia as the German automaker looks to make the nation its South-east Asian hub, The Edge weekly newspaper reported, citing people familiar with the matter.

Porsche will partner with Inokom Corp, a unit of Sime Darby, in the venture, which will be located in the northern state of Kedah, the report said.

The facility will be the company’s first assembly plant outside Germany, the report said.

The move by Porsche will be a much-needed boost to Malaysia, which has lagged behind Indonesia and Thailand in securing big investments by global automakers, The Edge said.

Christian Weiss, Porsche’s deputy director of corporate communications, said South-east Asia has great potential and the company is continuously examining options for further growth in this market, the newspaper said.

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