The Jakarta Post
Japanese automotive giant Mitsubishi Motor Corp plans to construct a new production facility in Bekasi, West Java in 2015, citing constant and strong market potential in the country.
The planned factory will be Mitsubishi's second in the archipelago after the one in Pulogadung, East Jakarta.
'In the first stage, our new factory will have the capacity to produce 160,000 vehicles annually,' the firm's chairman of the board CEO Osamu Masuko said in Jakarta on Tuesday after meeting with Industry Minister MS Hidayat as quoted by Antara news agency.
With the new factory, its total production capacity in Indonesia would increase to 240,000 vehicle units a year, he said.
The factory is slated to produce a new type of multi-purpose vehicle (MPV) in 2017.
Masuko added that the factory would be constructed in May 2015 after obtaining permission from the Indonesian government.
Mitsubishi aims to increase its exports by 20 percent to regional countries such as Thailand, Vietnam and the Philippines, after the new US$650 million factory opens.
'The Indonesian population is constantly growing and the workforce supports our plans, making Indonesia a constant and sustainable market in the future,' he continued.
He said that Japan was experiencing a lack of growth in its industrial sector due to a declining population and age rates, therefore making Indonesia a more suitable place for the company to grow. (dyl/nfo)(++++)
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