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  

Latest news
Date Title
<1m ago GTC TECHNOLOGY : Wins New BTX Award in China
<1m ago URAGOLD BAY RESOURCES INC : Uragold Receives Conditional Approval from the TSX Venture Regarding the Acquisition of 32 Claims from Fancamp
<1m ago Big Brothers Big Sisters Makes a 'Divine' Bowl for Kids’ Sake Appeal
1m ago STARWOOD HOTELS & RESORTS WORLDWIDE : Qatar s Constellation buys St Regis Rome for $151m
1m ago BROCADE COMMUNICATIONS SYSTEMS : introduces new DR platform for remote data centres
1m ago JACOBS ENGINEERING : to design three industrial cities in Saudi
1m ago BUSINESS MACHINES : Crowdsourced Supercomputing Project Seeks Better Understanding of DNA, Improved Quality of Life; IBM teams with Australian university and Brazilian health institute to examine big genomic data using IBM’s World Community Grid
1m ago IBM Extends Bluemix with Cloud Service for the Internet of Things; Software as a Service to Rapidly Connect Internet of Things Devices, Creating New Big Data and Analytics Insights
1m ago PACE : IPTV Set-top Boxes and Whole Home DVR Solution Receive Minerva Certification; IPH8000M IPTV Set-top box, IPH8005M HD-DVR, and Whole Home DVR Solution Certified for Minervas iTVFusion Middleware Platform
1m ago SAMSUNG ELECTRONICS : unveils 'world's fastest Android smartphone'
Latest news
Advertisement
Hot News 
BOULDER BRANDS : Announces Preliminary Third Quarter 2014 Results
BIOGEN IDEC : Third Quarter 2014 Revenues Increase 37% to $2.5 Billion
ROBERT HALF : Why Good Employees Quit
LUMBER LIQUIDATORS : Announces Third Quarter 2014 Financial Results And Updates Full Year 2014 Outlook
OWENS CORNING : Reports Third-Quarter 2014 Results
Most Read News
1d ago APPLE : How to Stop Apple Spying on Your Yosemite Searches
1d ago TRUECAR : to Announce Third Quarter 2014 Financial Results on Thursday, November 6th
1d ago AMGEN : Third Point urges Amgen to consider breakup
1d ago U.S. regulator expands warning over Takata air bags, more lawsuits filed
1d ago McDonald's CEO acknowledges image problems after tough results
Most recommended articles
<1m ago C$ weakens on retail sales as Bank of Canada report awaited
3m agoDJBOND REPORT : Treasurys Retreat After Consumer Cost Report
4m agoDJBOND REPORT : Treasurys Dragged Lower By ECB Stimulus Report
5m agoDJLONDON MARKETS : Glaxo Gives FTSE 100 A Shot In The Arm
7m agoDJMAGYAR TELEKOM TAVKOZLESI NYRT : Hungary Government Should Revoke Planned Internet Tax
Dynamic quotes  
ON
| OFF