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...
- ANALYSIS: The models to be axed by PSA's Tavares
- Management briefing: UK engine manufacturing (1)
- THE WEEK THAT WAS: Carlos sharpens the knife
- THE WEEK THAT WAS: The bubble car returns
- COMMENT: PSA's Tavares plots turnaround
- 2014 NYIAS: List of world premieres
- BEIJING DEBUTS: New Cruze, but old model to remain
- Discovery Sport to replace Land Rover's Freelander
- Former Bentley chief returns for another round
- GM CEO recall comments draw senator's retort
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- PLDB - vehicle cycle plan database (annual subscription)
- Ford Motor Company - Strategy and SWOT Report
- Plunkett's Automobile Industry Almanac 2014: Automobile Industry Market Research, Statistics, Trends & Leading Companies
- Global light vehicle materials market 2008 to 2028