Feb, 17 2015 17:00 JST

Source: Hitachi, Ltd.

Hitachi Automotive Systems Announces Groundbreaking to Take Place Ceremony for New Plant in the Republic of Indonesia


BEKASI, INDONESIA, Feb, 17 2015 - (ACN Newswire) - 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 55,000 m2 site located in the Greenland International Industrial Center in Bekasi, West Java, and plan to start operation of the new plant in summer 2016.

Outline of new company being constructed in 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
Capital:       Approx. 1.4 billion yen
Establishment: November 18, 2014
Shareholders:  (Planned for February)
               Hitachi Automotive Systems, Ltd. 94.4%
               Hitachi Automotive Systems Asia, Ltd. 0.6%
               PT. Dirgantara Mitramahardi 5%
Start:         Planned for summer 2016
Employees:     Approx. 150 (at start of operation)
About Hitachi Automotive Systems, Ltd.

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/.


About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.


Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111
Source: Hitachi, Ltd.
Sectors: Automotive

Copyright ©2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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