Arab Today, arab today toyota makes indonesia production base
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Toyota makes Indonesia production base

Arab Today, arab today

Arab Today, arab today Toyota makes Indonesia production base

Jakarta - Xinhua

Indonesian Industry Minister MS. Hidayat said on Tuesday that Toyota Motor Corp. plans to make Indonesia, a fast growing car market, as its production base. The plan came as the firm planned to add 337 million U.S. dollar investment for building a new factory in Indonesia. Minister Hidayat said that products to be produced in Indonesia would be exported to other countries. \"They (Toyota) want to make Indonesia as the base of their production for exports,\" Hidayat said after accompanying Indonesian President Susilo Bambang Yudhoyono with President Director of Toyota Motor Corp Akio Toyoda at the State palace. Previously Toyota has committed to investing 385 million U.S. dollars in Indonesia, Akio said that the firm would soon materialize it. During the meeting with the president, Akio asked for a new seaport to support the shipments of vehicles, said Hidayat. \"They (Toyota) ask for a seaport facility for shipping products not only to overseas but also to other provinces,\" he said. According to Hidayat, the new factory and other projects would be built in Karawang of West Java province and Cikarang and Cibitung of Jakarta and were targeted to start production in 2013. President Yudhoyono welcomed the plan and said that the government had already included sea ports facilities and roads into the government long-term development plan, according to Johny Darmawan, president director of Astra Motor, who also attended the meeting with the president. \"The president said that it all has been in the plan, it will build a big sea port,\" he said. The director said that Toyota has seen Indonesia as a potential car market. Emerging middle class and growing wealth have partly boosted car demand in Indonesia with a population of over 240 million. Indonesia\'s car market has been growing fast. Last year the country\'s car sales hit a record of 765,000 units, or 58 percent higher than that in the previous year. The strengthening of rupiah and moderate interest rate (6.75 percent) have also factored on the hike of car sales in the country, according to the local automotive association. The car sales are forecast to grow to about one million units in coming years.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota makes indonesia production base Arab Today, arab today toyota makes indonesia production base

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota makes indonesia production base Arab Today, arab today toyota makes indonesia production base

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday