Proton, Petronas ink engine deal
Carmaker buys technologies, knowhow for RM63mil
KUALA LUMPUR: Proton Holdings Bhd has acquired all engine technologies and knowledge developed by Petronas since 1997 through its technology commercialisation arm, Petronas Technology Ventures Sdn Bhd, for RM63mil.
Proton chairman Datuk Seri Khamil Jamil said that the national carmaker would have immediate ownership of a more powerful yet fuel-efficient family of naturally aspirated and turbo-charged 2.0L engines, as well as a 2.2L turbo-charged version to complement its existing Campro engine line-up.
“Proton and Petronas initiated the engine technology exploration in 1996. So it is time now to take over from Petronas, since the company decided in 2010 to exit completely from all engine development activities.
“Proton Holdings, through Perusahaan Otomobil Nasional Sdn Bhd, is taking over seven engine technologies with 117 technology patents from Petronas,” Khamil told reporters after an assets and technologies acquisition agreement signing in Kuala Lumpur yesterday.
Khamil said Proton expected mass production of the new engines to begin in the third quarter next year, with priority given to Proton cars.
“We have undertaken testing with the Proton Exora and Preve. Proton cars will be given the priority,” he said.
He said after Proton established itself as an engine maker, the company was open to doing business with other car firms or original equipment manufacturers.
The sports car brand under Proton, Lotus, is also being considered for installation with the new engines from Petronas' technologies and expertise.
“Proton now has the Campro engine, which we are continuing to improve on.
“With this agreement, we have a new type of engine which is environmentally friendly, while providing a lightweight solution,” Khamil said, adding that Proton customers would have better choices in the future.
Khamil said Proton would honour all commitments or deals done by Petronas before the acquisition.
Petronas, through Petronas Technology Ventures, had previously entered into a deal with a China-based company to start mass production of engines in the third quarter of 2013.
Meanwhile, along with the technologies, Proton has acquired a Petronas facility in Bangi and technological equipment from the national oil giant.
“Two personnel from Petronas have joined us. Talks are being held with Petronas to secure the remaining manpower of 60,” he said. - Bernama
Source : The Star
Date : 12 December 2012
Afternoon Highlight (12/12/12/210/685)
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