Suzuki Motor is set to announce a major investment in its Indonesian operations, as vehicle demand in South-east Asia is set to rise to new record highs this year.
Indonesian minister for industry, MS Hidayat, told local reporters that Suzuki Motor plans to invest US$800m in its 90%-owned subsidiary, PT Suzuki Indomobil Motor, over the next two years.
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A new plant will be completed by the end of 2012, and capacity at the existing plant in Bekasi, some 50km east of Jakarta, will also be increased. Overall capacity will be increased to over 200,000 units, from 120,000 units at present.
Hidayat said Suzuki Motor will make Indonesia a major regional export hub. As part of the investment programme, Suzuki will increase engine and motorcycle production capacity, as well as setting up a design centre, Budi Darmadi, director general of the ministry’s transportation equipment department, added.
A spokesman at PT Suzuki Indomobil Motor confirmed that Osamu Suzuki – chairman of parent company Suzuki Motor, will be in Jakarta on 4 July, 2011, to make a formal announcement.
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