Saga 1.3L saloon. Initially, Proton had assembled the Saga with complete-knock down (CKD) kits, engines and components which were imported from Mitsubishi's facilities in Japan. Local content in the 1985 Proton Saga stood at 18%, with just 13 local components. By mid-1989, local content had risen to 69%, with over 453 Proton-manufactured components and a further 356 locally-sourced parts from 56 local vendors. In June 1989, Proton commenced engine assembly at their dedicated Engine and Transmission Factory. The Proton plant became a symbol of national industrialisation, and was subsequently commemorated on the RM100 banknote in 1998. Construction of the Medium Volume Factory (MVF) was completed in 2000. The MVF plant was built adjacent to the original Proton factory, and produced the Proton Waja upon its debut. The MVF plant was built at a cost of RM400 million, and accommodated modern assembly practices like modular assembly and Automatic Line Control (ALC). Construction of an all-new Proton factory commenced in 1996 near Tanjung Malim, in anticipation of increasing sales of Proton cars in the near future. However, its construction was deferred in late 1997 as a result of the Asian financial crisis. Construction resumed in January 2001, and was completed in 2003, and the plant's first Proton GEN•2 models rolled-off the production line in early 2004. Proton's Tanjung Malim complex is five times larger than their Shah Alam complex, and was built at a cost of RM1.8 billion. At its debut in 2004, the Tanjung Malim plant employed 2,000 workers, featured 180 robots, and had a 60% automation rate. It was billed as the most advanced automobile factory in the Asia-Pacific region, outside Japan and Korea. Proton was originally owned in majority by HICOM with minority stakes being held by Mitsubishi Group members. By 2005, Mitsubishi had divested their stake in Proton to Khazanah Nasional, and in 2012, Proton was fully acquired by DRB-HICOM. In 2017, DRB-HICOM sold a 49.9% stake in Proton to Geely. Perodua Market sales leader Perodua currently operates two manufacturing plants in Malaysia, with a combined maximum annual capacity of 350,000 units. The first Perodua plant in Serendah commenced operations in 1994, and was later complemented by a larger adjacent factory in 2014. Perodua Manufacturing (PMSB) handles operations at the older plant, while Perodua Global Manufacturing (PGMSB) operates the newly built factory. Perodua's first plant commenced operations in July 1994, with the first unit being a Perodua Kancil