Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

THE ESTABLISHMENT OF NEW MOTORCYCLE TYRE FACTORY IN INDONESIA A Joint Venture Company Between Astra Otoparts and Pirelli

11/10/2011 | 03:30am US/Eastern

As part of the strategy to reinforce the position in rapidly developing economies and also to satisfy demand locally, the plan calls for the construction of a factory in Indonesia, Pirelli's first in the country, for the production of motorcycle tyres destined to Asean and Export markets.

The plan, for which a Memorandum of Understanding has been signed, is now being defined and calls for a partnership between Pirelli, with a majority position (60%) and  Astra Otoparts, an Indonesian leader in the production of auto sector components.

The new factory will require a total investment of 90 million US Dollars, starting in 2012 and spread over three years. Production is expected to begin in 2013 and reach full operation in 2016, with an annual production capacity of seven million motorcycle tyres.


Jakarta, November 9, 2011


Robby Sani
Director of PT Astra Otoparts Tbk  

React to this article
Latest news
Date Title
09:55p PBOC Prepared the Yuan Ahead of One-Week Holiday
09:55p ASTORIA POLICE DEPARTMENT OREGON : Coffee With a Cop
09:50p J C PENNEY : BRIEF: Deputies: 1 dead, 1 injured at Florida Mall shooting
09:50p CHRISTOPHER MURPHY : MURPHY APPLAUDS PRESIDENT’S PROPOSAL TO FULLY FUND LAND & WATER CONSERVATION FUND
09:49p Oklahoma's Hallman Extends Lead at Walmart FLW Tour on Lake Okeechobee Presented by Ranger Boats
09:45p A Week of Wonder and Befuddlement for the Yen
09:45p Highest Unemployment Rate in 2yrs. Stalls CAD Rally
09:41p HOME DEPOT : seeks seasonal work force (BRIEF)
09:39p UNION PACIFIC : BRIEF: Man hit by train in Salida identified
09:36p Grand jury indicts mother accused of leaving children in car
Latest news
Advertisement
Hot News 
LEAPFROG ENTERPRISES : VTech to Acquire US based LeapFrog Enterprises
LINKEDIN : forecasts weak first-quarter profit, shares plunge
Technology rout pushes Nasdaq to lowest close since 2014
ESTERLINE TECHNOLOGIES : SHAREHOLDER (ESL) ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Technologies Corporation; Encourages Investors to Contact the Firm for Additional Information
NEW RELIC : to Present at Upcoming Investor Conferences
Most Read News
07:42p CLIFFORD CHANCE LLP : advises on sale of the Isaac Plains Coal Project by Sumitomo Corporation and Vale
08:33p LOS ANGELES GALAXY : Jelle Van Damme takes to Instagram to praise new teammate Steven Gerrard
09:23p FOX, ABC Outlets in LA to Air AHF Condom Ad during Prime Time
08:52p LIGHTHOUSE BANK : Announces Return of Jon P. Sisk, Appointment as President of the Bank
08:58p MINISTRY OF AGRICULTURE OF PEOPLE REPUBLIC O : Accelerate agricultural supply-side reform
Most recommended articles
09:45p A Week of Wonder and Befuddlement for the Yen
09:45p Highest Unemployment Rate in 2yrs. Stalls CAD Rally
09:23pDJChobani Rejects PepsiCo Offer to Buy Stake -- Update
09:00p BOEING : Washington lawmakers nix bill linking tax breaks to Boeing jobs
08:37p Yogurt maker Chobani rejects PepsiCo's offer for stake in company