2009 Annual Report - ChartNexus

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Managing Director’s Review 66 As at the end of March <strong>2009</strong>, our direct or first-tier vendors stood at a total of 221 compared to 260 in our 2006 financial year. The consolidation of our vendor network enables the Group to build stronger, more meaningful relationships with capable and competent vendors. In turn, we can leverage on greater economies of scale, while enhancing overall delivery quality. The vendor community will continue to play a very significant role in our journey forward. PROTON is committed to working even more closely with the vendors in order to improve their capability, efficiency and efforts in reducing the cost of components in the next financial year. PROTON also remains true to its Early Vehicle Involvement programme where vendors are encouraged to participate in the vehicle conception stage. The input we have received during this stage for the Persona, Saga and Exora have proved to be invaluable especially in the areas of component supplies and managing cost efficiencies. Moving Forward For us, the road ahead will continue to be challenging. The passenger car sector locally and around the world, including the markets PROTON has gained a foothold in, will continue to see softened demands as the pace for economic recovery remains uncertain. PROTON will have to be more assertive in communicating its products’ unique selling propositions to its markets both locally as well as internationally. Offering the “right car” at the “right time” and at the “right price” will have a universal appeal throughout all markets. We will also continue to look in detail at our entire business value chain as we search for innovative solutions to derive greater cost efficiencies. We will keep working with and encouraging our vendors and distributors to play an integral role in this area. At the same time, PROTON will continue to invest in human capital development by providing adequate training programmes to our workforce. The people in the Company must be fully exposed to best business practices in order to support our drive to build our presence in the export markets.
The media preview of Satria Neo CPS. Nevertheless, we believe that there are significant opportunities even during challenging times. The PROTON Group will work collectively as one to seize these opportunities and accelerate the brand to become one that is respected for its product and service quality. We have the foundation and nothing is impossible if we put our minds together towards enhancing the growth of the Company. On this note, I am pleased to present to you our Operations Review that highlights key developments and initiatives undertaken in the Group’s core areas during the year under review. I hope that you will find the Review informative and that it provides you with a clearer picture of our achievements and prospects todate. Thank you for your continued support of PROTON. Dato’ Haji Syed Zainal Abidin B Syed Mohamed Tahir Managing Director Managing Director’s Review PROTON <strong>2009</strong> ANNUAL REPORT 67
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Balance Sheets as at 31 March RM’
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Page 41 and 42: 08 Low Pheng General Manager, 13 14
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Page 45 and 46: Dato’ Mohd Nadzmi Bin Mohd Salleh
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Page 65 and 66: Cost Efficiency Managing Director
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Page 79 and 80: Our R&D capabilities have led to wo
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2009 Annual Report - ChartNexus

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