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Toyota to increase investment in Indonesia
08 Feb, 2012 17:19:11
JAKARTA, Feb 8 (Asia Pulse) - Toyota Motor Corp, through PT Toyota Astra Motor (TAM), will soon realize its plan to beef up its investment in Indonesia by about Rp5 trillion (US$560 million), the country`s top investment official said.
"The company`s plan is a manifestation of its commitment to increase its production capacity in Indonesia," Gita Wiryawan, head of the Capital Investment Coordinating Agency (BKPM), said.

Wiryawan, who is concurrently the trade minister, said he and Industry Minister MS Hidayat would on Wednesday (Feb 8) meet the vice chairman of Toyota Corporation, Katsuaki Watanabe.

At the meeting they would discuss Toyota`s plan to increase its investment and production capacity and export of the company`s products.

"They will not only supply the domestic market which continues to widen but also overseas markets," he said.

Toyota would initially expand the production capacity of its plant in Karawang, West Java, although it also wants to build a plant outside Java.

"The additional investment is expected not only to result in hike in car production but also to stimulate industries producing automotive components," Wiryawan said.


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