Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2011 | 09:30am CEST

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  

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "All News"
10:23p PHH : Christopher Sabbe Joins PHH Corporation as Vice President, Business Development
10:23p SIEMENS : Patent Issued for Noise Robust Time of Flight Estimation for Acoustic Pyrometry (USPTO 9702768)
10:23p MAXIM INTEGRATED PRODUCTS INC : Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits (form 8-K)
10:23p ASSOCIATED BANC-CORP : Reports Second Quarter Earnings of $0.36 per share
10:23p WYNN RESORTS : Announces Second Quarter Earnings Release Date
10:22p Researchers Submit Patent Application, "Connection Plates for Power Feeding", for Approval (USPTO 20170194072)
10:22p TELECOM ITALIA : Patent Issued for System and Method for Temperature Monitoring in a Room (USPTO 9702761)
10:22p Patent Application Titled "Shunt Resistor" Published Online (USPTO 20170192038)
10:22p CAPITAL ONE FINANCIAL : beats Street 2Q forecasts
10:22p NCR CORP : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
Latest news "All News"
Advertisement