2009 Annual Report - ChartNexus
2009 Annual Report - ChartNexus
2009 Annual Report - ChartNexus
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Launch of Persona and Gen.2 IAFM in Egypt in November 2008.<br />
Managing Director’s Review<br />
During the year, we launched the Persona in Egypt, Saudi Arabia, Oman and Syria, as well<br />
as Indonesia. We also launched the Persona CNG and the Satria Neo CPS in Thailand, while<br />
we introduced the Saga in Brunei.<br />
In December 2008, we concluded a series of agreements with Zagross Khodro (ZK) of Iran<br />
which will allow ZK to assemble the PROTON Gen.2 model through a completely-knockeddown<br />
(CKD) arrangement in Iran. The agreement signifies our continued commitment to<br />
the vast Iranian market as well as the overall export market.<br />
PROTON will further strengthen export programmes particularly in ASEAN, China and the<br />
Middle East. We plan to introduce the Saga and Exora in all overseas markets in the very<br />
near future.<br />
Vendor Base<br />
Concurrently with the rationalisation of our distribution network, PROTON also made<br />
efforts to consolidate the vendor base with the aim of bolstering cost efficiencies and<br />
quality improvements.<br />
PROTON <strong>2009</strong> ANNUAL REPORT<br />
65