PDC's New Plan to Attract MNCs – Build and Lease


As the global economy grows more and more uncertain, the last thing the Penang Development Corporation (PDC) needed was a multinational corporation telling them it was considering moving its operations out of Penang. But that was the situation they found themselves in when Malaysian Automotive Lighting (Alma) told them its plans earlier this year.

Alma is the Penang branch of Germany-based AL-Automotive Lighting, a sub-brand of Magneti Marelli, itself a subsidiary of the Fiat Group. Alma is a key player in the local automotive lighting industry, producing all of Proton’s headlamps and 85% of its cars’ rear lamps, as well as headlamps for Perodua’s Alza and Viva models. Half of the company’s business involves Japanese carmakers such as Suzuki, Honda, Mitsubishi and Mazda.

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