Naza Group managing director Tan Sri SM Nasimuddin SM Amin plans on turning it’s new Penang plant into an exclusive production facility dedicated entirely to the Peugeot marque.

Naza is currently bidding for the rights to manufacture other Peugeot cars. It already has the rights to manufacture a Malaysian version of the Peugeot 206 for the regional market.

The construction of the Bertam, Penang plant is expected to start next month and to be fully completed by early 2007. It will have the capacity to produce 100,000 cars annually. The plant cost RM1 billion and was 60% funded by the company’s own generated funds and the remainder via borrowings.

Nasimuddin said the local Peugeot 206 is to be called the Naza 206 and will have 40% local content. He is tight-lipped on the expected selling price of the car.