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
Director of PT Astra Otoparts Tbk