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Company type | Subsidiary |
---|---|
Industry | Automotive |
Founded | October 1992 |
Headquarters | Kulim, Kedah, Malaysia |
Area served | Malaysia, Thailand |
Products | Automobiles |
Parent | Sime Darby Motors (51%) Sime Darby Hyundai (5%) Hyundai Motor Company (15%) Bermaz Auto (29%) |
Website | www |
Inokom Corporation Sdn. Bhd., doing business as Inokom, is a subsidiary of Malaysian-based Sime Darby Motors. Inokom is the licensed contract assembler for Hyundai, Kia, BMW and Mazda passenger vehicles in Malaysia.
Inokom was incorporated in October 1992 through a joint venture between companies from Malaysia, France and South Korea. [1] In 1998, Inokom's shareholders included the Berjaya Group (35%), Royal Malaysian Police Cooperative subsidiary Pesumals (30%), Renault (15%), Hyundai Motor Company (15%) and Hyumal Motor (5%). [1]
Inokom launched its first product, the Inokom Permas in 1998. [1] [2] The Permas is based on the first generation Renault Trafic, and was produced in various configurations at Inokom's new plant in Kulim, Kedah. [2] In May 2000, Inokom launched its second product, the Inokom Lorimas, a license-built Hyundai Porter. [3] Inokom's first non-commercial product, the Hyundai-based Inokom Atos was launched in 2002. [4]
In 2004, Sime Darby acquired a 51% stake in Inokom, and by the 2010s, Hyundai assembly operations in Malaysia were centralised at the Inokom plant. [4] Prior to the consolidation, Hyundai models were assembled at two separate plants, namely the Inokom plant in Kulim and the Oriental Assemblers plant in Tampoi.
Inokom's acquisition by Sime Darby also led to the assembly of BMW M and Land Rover models at the Inokom plant in 2008. [4] [5] [6] BMW M and Land Rover vehicles were previously assembled at the Associated Motor Industries plant in Shah Alam, which shut down in 2007. Mazda assembly at Inokom commenced in 2011 under a separate initiative by the Berjaya Group. [4] Inokom has also carried out contract assembly for Dongfeng, Jinbei and Ford commercial vehicles. [4] [7]
Presently, Inokom's shareholders include Sime Darby Motors (51%), Sime Darby Hyundai (5%), Hyundai Motor Company (15%) and Bermaz Auto (29%). [8]
Inokom was previously known as Industri Otomotif Komersial (Malaysia) Sdn. Bhd. between 1992 and 2002. The company changed its name to Inokom Corporation Sdn. Bhd. in November 2002. [4]
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