Perodua today launch a new press stamping machine in its supplier IQM Sdn Bhd to centralise the parts production for its past models.
The new press stamping machine is one of Perodua’s many initiatives with its suppliers to expand their business and capabilities, bringing them one step closer to becoming global automotive suppliers.
The total investment cost of the new machine is RM7 million, which includes its transportation and installation, was made by Perodua entirely. The 1,600-metric tonne hydraulic press stamping machine will churn out body parts such as bonnets, side outer panels, rear quarter panels, fenders, doors and roofs for past Perodua models like the first-generation Myvi, Viva, Kelisa and even the Kancil.
The dies required to make the past model parts have also been moved to IQM. This frees up much-needed space in Perodua’s plants, simplifies the entire operation, reduces lead time and cost, and makes it easier to monitor under one roof. Perodua also assists IQM in terms of skill transfer and training where past model parts production is concerned.
Since 1994, Perodua has sold over 3.7 million cars in Malaysia and currently, a third of the demand for Perodua parts is for past models.
With all its current models having over 90% local parts content, Perodua is naturally the biggest buyer of automotive components in the country, having spent RM4.5 billion on parts so far this year out of an earmarked RM5.4 billion for the whole of 2019.
IQM has been a Perodua supplier since 2002. It currently supplies metal stamping, body assembly parts and brake tube components to Perodua. It began making Viva parts when production of the model ended in 2014, and last year it began making parts for the second-generation Myvi on a dedicated new line.