Japanese car auction company

Port Klang Free Zone Sdn Bhd, which operates the Port Klang Free Zone (PKFZ) has been approached by a Japanese car auction company to set up its regional operations there.

Port Klang Free Zone chairman Dr Teh Kim Poo said the president of the car auction company met with him two days ago and expressed an interest in renting at the PKFZ.

Asked how big the investment would be, he said: “They want to take up a large area of between 20-40 hectares.”

He was speaking to reporters after briefing a 29-member delegation representing port industries from Osaka, Japan, who visited the free zone after arriving here on Saturday.

He said the company was looking for a piece of land to keep used cars from Japan and kept for auction for buyers from countries like Myanmar, Laos, Indonesia and Vietnam.

Land or space to keep the cars in Tokyo is very expensive.

Dr Teh said besides a reasonable rental rate and tax free operations in the free zone, the car auction company would be able to ship their cars faster through the nearby Westport should they decide to invest here.

However, he did not elaborate further on the progress of the proposal, as it was still at an initial stage.

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