Petronas to Power Proton Cars

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KUALA LUMPUR, Dec 11 — 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 RM63 million.

Proton chairman Datuk Seri Khamil Jamil said the national car maker will have immediate ownership of a more powerful yet fuel-efficient family of naturally aspirated and turbocharged 2.0l engines, as well as a 2.2l turbocharged 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,” he told reporters after the Assets and Technologies Acquisition Agreement signing here today.

The exchange of documents was witnessed by the adviser to Petronas and Proton, Tun Dr Mahathir Mohamad.

Khamil said Proton expects mass production of the new engines to begin in the third quarter of next year, with Proton cars given priority.

“We have undertaken testing with the Proton Exora and Preve. Proton cars will be given the priority,” he added.

He said after Proton establishes itself as a successful engine maker, the company is open to doing business with any other car company or original equipment manufacturer (OEM).

The sports car brand under Proton, Lotus, is also being considered to be installed with the new engines from the 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 environmental friendly, while providing a lightweight solution,” Khamil said, adding that Proton customers would have better choices in future.

Khamil said Proton will honour all commitments or deals done by Petronas prior to the acquisition.

Petronas, through Petronas Technology Ventures, had previously entered into a deal with a China-based company to start the mass production of engines in the third quarter of 2013.

Meanwhile, together with the technologies, Proton has also 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