Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 25 April 2017, 17:41 HKT/SGT
Share:
    

Source: Mitsubishi Motors
Mitsubishi Motors Inaugurates New Manufacturing Plant in Indonesia
Bekasi facility will have capacity of 160,000 units and employ 3,000 workers

TOKYO, Apr 25, 2017 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) today inaugurated a new manufacturing plant in Indonesia following a 65 billion yen ($565 million) investment in a state-of-the-art facility that will employ 3,000 workers and produce 160,000 units a year at full capacity.

Their Excellencies President Joko Widodo of Indonesia and Minister of Industry Airlangga Hartarto joined Carlos Ghosn, chairman of MMC, and Osamu Masuko, chief executive, at the plant opening, which will strengthen the Japanese automotive group's presence in Indonesia and the wider ASEAN region.

The plant, located in the new GIIC Industrial Estate in Bekasi Prefecture, was completed following a two-year construction project backed by Mitsubishi Motors Krama Yudha Indonesia (MMKI), MMC's manufacturing joint venture with Mitsubishi Corporation (MC) and its Indonesian partner PT Krama Yudha (KY).

The manufacturing plant will begin producing MMC's popular sports utility vehicle, the Pajero Sport, which will be followed by an all-new seven-seater multi-purpose vehicle (MPV) and the COLT L300 light commercial vehicle.

The opening of the Bekasi plant forms part of MMC's expansion strategy in the ASEAN region, where it also assembles vehicles in Thailand and the Philippines. The company's growth plan is supported by Nissan, which acquired a 34% stake in the automotive group in 2016 when MMC became a member, of the global Renault-Nissan Alliance.

Carlos Ghosn, chairman of MMC and the Renault-Nissan Alliance, said: "This plant represents a vote of confidence in Indonesia, in the ASEAN region and in the growth prospects of Mitsubishi Motors. We are proud to be creating jobs and investment in one of the region's largest and most important economies, which will be a strong manufacturing and export base for our expanding Alliance."

Osamu Masuko, chief executive of Mitsubishi Motors, added: "The Bekasi assembly facility symbolizes our ambition to be a market leader in Indonesia, where we will produce our best-selling Pajero Sport and a new MPV to meet growing demand for high-quality, rugged and reliable passenger vehicles. This will enable us to build share in a market where we have been present for more than 45 years."

Demand in Indonesia, which has the fourth largest population in the world with more than 260 million people, is expected to grow faster than the overall economy. Motor vehicle ownership in Indonesia, at 78 per 1,000 people, lags China and is less than half that in regional neighbor Thailand.

MMC's expansion in Indonesia follows investment in additional capacity in Thailand and the Philippines in recent years, capitalizing on the long-term development of the ASEAN region.

MMC is expected to contribute its expertise in SUVs, pick-up trucks and the ASEAN market to the global Renault-Nissan Alliance. With the addition of MMC, the Alliance has become the world's third largest automotive group with sales of about 10 million units a year.

Outline of MMKI Plant
http://www.acnnewswire.com/topimg/Low_OutlineMMKI%20Plant.jpg


About Mitsubishi Motors

Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com 
+81-3-6852-4275



Apr 25, 2017 17:41 HKT/SGT
Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
Outline of MMKI Plant
View Image
 

Mitsubishi Motors
Sept 20, 2017 18:03 HKT/SGT
Mitsubishi Motors @ 45th Tokyo Motor Show an Ambition to Explore
Sept 19, 2017 16:36 HKT/SGT
Locally Assembled Mitsubishi Outlander Makes Malaysia Debut
Sept 19, 2017 14:43 HKT/SGT
Mitsubishi Motors Creates 440 Jobs as it Resumes Production of Pajero Sport in Russia
Sept 18, 2017 08:37 HKT/SGT
Alliance 2022: New Plan Targets Annual Synergies of Euro 10 Billion and Forecasts Unit Sales of 14 Million & Combined Revenues of $240 Billion
Aug 31, 2017 09:06 HKT/SGT
Mitsubishi Motors Announces Production, Sales and Export Figures for Jul 2017
Aug 21, 2017 22:00 HKT/SGT
GIIAS 2017, Indonesia's Premier International Automotive Event, Concludes
Aug 17, 2017 19:00 HKT/SGT
GAIKINDO Indonesia International Auto Show (GIIAS 2017) Hosts Three World Premieres
Aug 14, 2017 20:00 HKT/SGT
25th GAIKINDO Indonesia International Auto Show (GIIAS 2017) Officially Opens
Aug 11, 2017 09:10 HKT/SGT
Mitsubishi Motors Expands its Indonesian and ASEAN Footprint with All-New XPANDER People-Carrier
July 27, 2017 15:30 HKT/SGT
Forty New Vehicles Launching at the GAIKINDO Indonesia International Auto Show (GIIAS) 2017
More news >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: