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Isuzu to move truck factory from Thailand to Indonesia, ministry says
The Industry Ministry said Isuzu Motors would move its truck factory from Thailand to Indonesia by 2024 with the government eyeing the African market for exports.
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Industry Minister Agus Gumiwang participates in a work meeting with House of Representatives Commission VI on June 2, 2021. (BeritaSatu Photo/Ruht Semiono)
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apanese automobile manufacturer Isuzu Motors is set to move its truck factory from Thailand to Indonesia by 2024, Industry Minister Agus Gumiwang Kartasasmita said on Thursday.
The relocated factory will produce UD Trucks, previously owned by Volvo and acquired by Isuzu in 2019, the ministry said.
"We would like to express our appreciation for Isuzu's decision and hope that the relocation of the production base will go well. We will prepare various facilities, including incentives, to support the factory relocation process," said Agus in a statement.
Isuzu already has a factory in Karawang, West Java. Last year, it produced 44,694 units, equivalent to 15 percent of the company’s total production worldwide, the ministry said.
In Indonesia, Isuzu was the seventh largest four-wheeler wholesaler with more than 36,646 units sold in 2022, just 940 units below Mitsubishi Fuso, another Japanese truck-producing competitor, according to the Association of Indonesian Automotive Manufacturers (Gaikindo) data.
Isuzu exported 8,254 completely built-up (CBU) units last year, contributing to the seventh-largest shipment from Indonesia’s automobile industry, the same data show.
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