Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.

Japan’s Nissan Motor Co. stated on Thursday that the company was taking robust action to improve efficiency, which included the closure of its manufacturing facility in Indonesia. It also closed its Barcelona plant, the Spanish government confirmed.

NMI’s spokesperson Hana Maharani said Nissan Motor Co.’s announcement formalizes the closure of NMI’s factory in Purwakarta, West Java, which had stopped activities in March.

“We have stopped our production line back in March. Therefore, the next step taken is to close the facility,” she said in a text message to The Jakarta Post on Thursday, adding that the announcement only served as a “formality.”

As Japan’s Nissan factory in Indonesia is facing closure, the company is concentrating on its plant in Thailand as the single production base in ASEAN, its statement reads.

Nissan Motor Co. said in April that it expected an annual operating loss of up to 45 billion yen (US$417 million), its worst performance since the 2008-2009 financial crisis.

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