Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
February 17, 2015
Bekasi, February 17, 2015 --- Hitachi Automotive Systems, Ltd. and Hitachi Automotive Systems Asia, Ltd., one of the Hitachi Automotive Systems group companies and the regional headquarters for Asia, today announced that they held a groundbreaking ceremony on Tuesday February 17, for a new plant of PT Hitachi Automotive Systems Indonesia established in November 2014 in the Republic of Indonesia.
Hitachi Automotive Systems group is continuing to move forward with the global expansion of its automotive components and systems business. Hitachi Automotive Systems has been accelerating its business strategy of local production for local consumption to provide its worldwide customers with a prompt response to their needs, and as part of that strategy had been considering establishing a manufacturing base in Indonesia which has the largest automobile market in ASEAN.
The further expansion of the automobile market is expected in Indonesia backed by population of the fourth place of the world. As for its automobile sales of 2014, two-wheel and four-wheel vehicles recorded 7.86 and 1.21 million units respectively. For automotive manufacturers, this has become an increasingly important strategic region. In order to further strengthen its local support to automotive manufacturers, Hitachi Automotive Systems decided to build the new plant in Indonesia.
In addition to Hitachi Automotive Systems and Hitachi Automotive Systems Asia, PT. Dirgantara Mitramahardi has a capital participation, promoting the smooth business operations of Hitachi Automotive Systems Indonesia.
Hitachi Automotive Systems Indonesia will construct the new plant on a 55,000m2site located in the Greenland International Industrial Center in Bekasi, West Java, and plan to start operation of the new plant in summer 2016.
Rendering New Plant of PT Hitachi Automotive Systems Indonesia
| Name | PT Hitachi Automotive Systems Indonesia |
|---|---|
| Location | Kawasan Greenland International, Industrial Center (GIIC), Blok CE No.01, Kota Deltamas, Desa Pasir Ranji, Cikarang Pusat, Bekasi, Java Barat |
| President | Takeshi Shirato |
| Capitalization | Approx. 1.4 billion yen |
| Establishment Date | November 18, 2014 |
| Shareholder Composition (Planned for February) |
Hitachi Automotive Systems, Ltd. 94.4% Hitachi Automotive Systems Asia, Ltd. 0.6% PT. Dirgantara Mitramahardi 5% |
| Start of Operation | Planned for summer 2016 |
| Number of Employees | Approx. 150 (at start of operation) |
Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems. For more information, please visit the company's website at http://www.hitachi-automotive.co.jp/en/.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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