KUALA LUMPUR: The coronavirus outbreak has for now not adversely posed supply risk for key Malaysian automotive players, other than Proton Holdings Bhd and Sime Darby Bhd. Hyundai is halting production at its South Korean plants due to shortage of China-sourced parts. South Korean production accounts for 40 per cent of Hyundai’s global output. MIDF Research said Hyundai’s lack of manufacturing presence in Southeast Asia suggested local reliance on supplies from South Korea. At this juncture, the indicative closure of Hyundai’s South Korean plant is only for about a week, while players typically have a buffer of one to two months’ worth of inventories,” MIDF Research said.

Source: New Strait Times February 07, 2020 07:30 UTC