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2009 Annual Report - ChartNexus

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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

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