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
Recommend:
0

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  

Recommend :
0
React to this article
Latest news
Date Title
<1m ago UK’s Curator Beccy Kennedy to Give Talk at NCKU
2m ago AMPHENOL : Industrial's Tru-Loc Connectors
2m ago CITIZENS : Schedules First Quarter 2014 Reporting
2m ago SOHO CHINA : Next Day Disclosure Return
2m ago AARHUSKARLSHAMN : Conference call for investors, stock market analysts and media – release of AAK´s Interim Report for the first quarter 2014
2m ago FLUGHAFEN ZUERICH : Zürich AG obtains advisory mandate for airports in Kazakhstan
2m ago MEGAFON : The Association of Russian corporate media recognizes MegaFon IR-website as the best corporate media of the year
2m ago MEGAFON : Internet store celebrates its fourth anniversary with record smartphone sales and double revenue growth
2m ago PETROPAVLOVSK : Dariga Nazarbayeva urges to develop business in sphere of service for people with disabilities
2m ago MOODY : Uzbek banks cover only 50% of problem loans - Moody's
Latest news
Advertisement
Hot News 
BAYERISCHE MOTOREN WERKE : Becks's old BMW with Posh's initials priced at 75,000 pounds
BAYWA : subsidiary Turners & Growers Ltd. announces the acquisition of Apollo Apples Ltd. (DGAP Adhoc)
GEA AKTIENGESELLSCHAFT : GEA sells the segment Heat Exchangers (DGAP Adhoc)
PLANT HEALTH CARE : Director’s Shareholding
DAIMLER : The new Mercedes-AMG GT: The sporting sensation
Most Read News
1d ago INTEL : quarterly net beats Street, CEO talks up tablets
1d ago PAN AFRICAN RESOURCES : Karume Day and Rwanda Genocide Day
1d ago YAHOO : sees flat second-quarter as revenue growth remains elusive
1d ago BLACKROCK : CEO Fink's pay totaled 13.6 million pounds in 2013
1d ago Yahoo's growth anemic as turnaround chugs along
Most recommended articles
1h ago GLOBAL MARKETS-Asian shares up on China relief, Softbank stars
1d ago Weak miners dent FTSE as Ukraine, earnings jitters persist
6d agoDJCarrefour Sales Grow at Fastest Pace in Two Years
3m ago BUNZL : makes acquisitions in Chile, United States and New Zealand
3m ago Gold and Silver Plunge, Crude Oil Vulnerable Ahead Of Inventories Data
Dynamic quotes  
ON
| OFF