INDONESIA: Pirelli to build tyre plant
Italy’s Pirelli plans to build a new tyre plant in Indonesia in a joint venture with PT Astra Otoparts, the country’s largest automotive components group.
Pirelli will take a 60% stake in the US$90m factory, which is scheduled to start operations in 2013 - initially to produce motorcycle tyres. It will have a capacity to produce 7m units per year, for sale domestically and for export to other developing markets in the region.
The Indonesian motorcycle market is expected to exceed 7.5m units in 2011. The company expects to sell 2m motorcycle tyres per year domestically, with the remainder destined for export, when full production is reached in 2016.
The local availability of natural rubber makes Indonesia an attractive export to base for tyres and other automotive products. The company will likely add passenger vehicle tyres at a later stage.
This QUBE report from just-auto report provides a comprehensive overview of the global light vehicle OE tyres sector, major suppliers, top markets, technology trends and market size forecasts. Use thi...
- THE WEEK THAT WAS: Chinese scoop up Pirelli
- ANALYSIS: VW Group - success and succession
- Briefing: developments in powertrain batteries
- VEHICLE ANALYSIS: A new Volkswagen for the fleets
- COMMENT: Russia - it is rocket science
- New York show debuts: Porsche Boxster Spyder added
- Volvo Cars to build US factory
- Mahindra throws in the Brazil towel
- GM management outlines reasons for Russia rethink
- Car sharing won't replace car ownership - BMW