Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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
5m agoDJH-P's Revenue Drops Yet Again As It Prepares For Split
6m ago MAX PETROLEUM : Form 8.3 - Max Petroleum Plc
6m ago ABARES AUSTRALIAN BUREAU OF AGRICULTURAL AND RES : ?Food demand in India set for significant growth
6m ago MICROSOFT : Conservationists sue to force first broad review of federal coal-leasing program since 1979
7m ago SPECTRA ENERGY : Proposed Westcoast Connector Gas Transmission Project Receives Environmental Assessment Certificate
8m agoDJJefferies Bumps Up Against Big Rivals as It Looks to Expand
9m ago PLATINUM METALS : Reports 2014 Annual Results
10m ago Platinum Group Metals Reports 2014 Annual Results
11m ago C&C : Form 8.5 (EPT/RI) C&C Group Plc AMENDMENT
11m ago C&C : Form 8.3 -
Latest news
Advertisement
Hot News 
THALASSA : Issues Profit Warning On Contract Delays, Russia Sanctions
RETROSCREEN VIROLOGY : Full-Year Revenue To Fall On Influenza Pipeline Delays
KOOVS : Widens Half-Year Loss As Cost Of Sales Offset Revenue Growth
LAKELAND : to Report Fiscal Third Quarter Financial Results and Conduct Conference Call
MANUTAN INTL : Acquisition telezhka, tilter for drums, stremyanka, transformer telescopic Manutan
Most Read News
1h ago FLOWSERVE : McCANNA Introduces In-Line Maintainable Cryogenic Valve
39m agoDJCEOS' TEST : Contending With Activist Investors -2-
1h ago CUBIC : To Present At Credit Suisse Global Industrials Conference
1h agoDJSantander to Sell Part of Nevada Solar-Project Stake to Canadian Pension Funds
1h ago Goldman, BASF, HSBC accused of metals price fixing - U.S. lawsuit
Most recommended articles
5m agoDJH-P's Revenue Drops Yet Again As It Prepares For Split
8m agoDJJefferies Bumps Up Against Big Rivals as It Looks to Expand
12m agoDJSEC Grants Bank of America Short-Term Waiver from Hedge-Fund Restrictions
12m ago British banks' rotten culture will take generation to fix - think tank
17m ago EUR/JPY TECHNICAL ANALYSIS : Marking Time Below 148.00
Dynamic quotes  
ON
| OFF