SWEDEN: Autoliv opens seatbelt plant in Indonesia
To meet demand in Asia, Autoliv has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia.
The new plant will help boost sales in Indonesia from US$12m last year to $25m by 2015 and to $50m when the plant is fully utilised, the supplier said.
The new plant has a floor space of nearly 2,500 sq m and, initially, 170 employees all transferred from the existing plant. Capital expenditures is $3m.
Light vehicle production in Indonesia is expected to grow by over 20% this year to almost 1m vehicles. Indonesia, with 240m people, is one of the fastest growing economies in Asia.
Autoliv entered Indonesia in 2002.
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