Japanese OEMs to Invest $450 million in Indonesia
June 23, 2005
Filed under Uncategorized
Japan's motorcycle and automobile manufacturers plan to invest nearly $450 million in Indonesia during the next two years, mainly for raising their motorcycle production capacities amid strong demand there, Bisnis Indonesia reported, quoting Minister of Industry Andung Nitimihardja.
Nitimihardja said Japanese firms expressed their interest to invest in Indonesia during his recent visit to Japan.
Nitimihardja said Suzuki Motor Corp. plans to invest $200 million to raise its motorcycle production capacity in Indonesia to 2 million units a year by 2006 or 2007; Yamaha Motor Co. plans to open its second motorcycle plant in Indonesia next January with a capacity of 600,000 units a year and an investment of $80 million; and Honda Motor Co., which controls about half of Indonesia's motorcycle market, has plans to start operating its third motorcycle plant in October following an investment of $100 million.