After launching famed Italian brand MV Agusta in a new Malaysian partnership last year, as well as expanding the Demak Malaysia brand of China manufactured scooters, Malaysian motorcycle assembly company DNC Asiatic has ceased operations at its Olak Lempit, Selangor, factory. Staff were earlier told to resign while the factory will officially closed on May 31.
An unnamed source that told paultan.org that the factory will be put on sale to repay debts and bank loans. The 260,000 square foot facility assembled scooters, kapchais as well as three- and four-wheel light commercial and utility vehicles.
In addition to the Malaysian assembly plant, DNC Asiatic also has an assembly facility in Sri Lanka, producing a range of small scooters. Our source informed us that the fate of this overseas facility has yet to be decided, but will likely be shut down late this year or early next year.
As for MV Agusta, DNC Asiatic signed an agreement for the assembly of MV Agusta motorcycles in Malaysia last December 2016 and establishing a MV Agusta Lifestyle Centre in Segambut, Kuala Lumpur. MV Agusta bikes assembled locally were to have been distributed in partnership with Moto Varese Asiatic.
All Malaysian operations for MV Agusta will be shut down soon. Approval is currently being sought from MV Agusta headquarters by connected parties for approval to enter a partnership with a local company, but it is still to early to tell, said the source.
