Victorian automotive suppliers secure international deals
Malaysian car manufacturer, Proton, has signed export deals with two leading Victorian automotive components suppliers that total $50 million at the 2012 Australian Automotive Week.
Victorian-based spotlight supplier HELLA was able to secure a $40 million export contract to supply rear lamps for Proton following a successful State Government trade mission to India.
Another Victorian-based automotive component supplier, MtM, won a $10 million contract to supply gear shift lock mechanisms to Proton over five years, expanding on the company’s export of door check links to General Motors in the USA.
Both deals were made during Australian Automotive Week in Melbourne, which was held concurrently with Melbourne’s Formula 1 Grand Prix for the first time this year.
“While the Grand Prix is a major tourist drawcard for Victoria, Australian Automotive Week has become a key forum for engagement between Victorian manufacturers and international buyers,” Minister for Manufacturing, Exports and Trade Richard Dalla-Riva said.
According to Mr Dalla-Riva the 2012 Auto Week facilitated major auto industry contracts which held the potential to generate more investment and new jobs in Victoria’s advanced automotive manufacturing industry.
“There has been a hive of activity behind the scenes with 117 international and interstate business delegates attending the event which led to the signing of a series of business agreements,” he said.
Thai motor manufacturing company Sammitr, for instance, has voiced plans to establish a research and development centre in Melbourne, and collaborate with local Victorian company Proex Automotive to supply canopies for the commercial vehicle market.