Daihatsu Motor to invest US$400m in Indonesia
The Jakarta Post, Jakarta - 16/03/2011
Automaker Daihatsu Motor Company Ltd on Wednesday announced plans to invest US$400 million on its factory in Indonesia.
“The investment will not only be allocated to expanding the existing factory, but also to improve its technology and development,” Astra Daihatsu Motor president director Sudirman said after a meeting with Vice President Boediono on Wednesday, as quoted by kontan.co.id.
With the investment, the Daihatsu factory will have an expected production capacity of 100,000 vehicles a year and absorb 1,400 workers. At present, the company produces 330,000 vehicles in Indonesia each year.
“We will export 15 percent of our output,” Sudirman said.