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Trans-Asia Shipping Corporation Berhad (TASCO)
has secured an exclusive contract from Honda
Malaysia to operate the dedicated Bangi
Logistics Centre for the Japanese car
manufacturer effective March 2008.
The centre will exclusively provide facility for
pre-delivery inspection process and storage of
HONDA vehicles, spare parts and accessories.
The lease agreement covers an initial term of
six years commencing 1 March 2008 until 28
February 2014 and renewable for a further term
of three years on terms and conditions mutually
agreed by both the parties.
Managing Director of TASCO, Lee Check Poh said
the auto logistics sector has grown over the
last few years to cater for the growth in the
Malaysian automotive business.
Services provided are highly customized and
include customs clearance for completely
Built-up unit or CBU vehicles and parts, storage
and distributions of parts and vehicles as well
as value-added services such as minor
maintenance, washing and polishing, he said.
The deal with Honda Malaysia is expected to
provide TASCO with an approximately ten
percentage return on investment for the duration
of the lease agreement. TASCO has allocated
RM8.5 million of the proceeds raised from the
Initial Public Offering for the development of
the Bangi PDI Centre, which forms part of the
new Bangi Logistics Centre.
Meanwhile, Honda Malaysia Sdn. Bhd. has also
announced that its passenger car sales in 2007
reached the highest record in terms of sales
volume and market share. This positive
performance is achieved on the back of a 0.7%
decline in total industry volume. The total
sales volume of 28,479 units exceeded targets
the company had set for the year with an
increase of 7 per cent as compared to the
corresponding 12 months in 2006. This translates
to a market share of 5.8 per cent, which was
beyond the targeted 28,000 units or 5.5 per cent
share.
Honda Malaysia attributed the good performance
to the all-new CR-V; the 8th Gen Civic with
value added features and the City enhanced
model, which all met their individual targets
for 2007. These top-selling models were part of
the total of eight Honda new cars and special
models that were introduced last year, including
the Accord VTi-S, special variant; Civic Type R
and Hybrid; Jazz in a new striking colour; and
the all new Stream.
On the production front, the company achieved a
milestone year with the roll-out of its
100,000th car from the Pegoh Plant in Melaka, an
achievement made within five years of operation.
In the same year, the plant also recorded
production of the 1 millionth set of constant
velocity joint marking its ability to deliver
export standard and quality-consistent
automotive parts.
To meet growing market demands, the Pegoh Plant
will expand to increase production from 25,000
to 30,000, with capacity to increase further
should demand requires. |
