Bosch opens first car parts plant in Indonesia | Company data
(Insider Stories) - Germany’s engineering and electronics provider Robert Bosch open its car parts plant in Indonesia with an investment of more than Euro€10 million to get closer to Japanese car manufacturers in the country. In Indonesia, the company will initially produce injection parts and oxygen censor parts, both components of a vehicle’s gasoline system.
Rudy Karimun, managing director of Bosch in Indonesia said, Bosch currently sells packaging machineries, factory automation machines, and power tools and imports all its parts for supply to automakers including Daihatsu and Toyota from its international production sites, which include Thailand, Malaysia and Vietnam.
He said, increasing consumption in Indonesia had lured many Japanese automakers to the country, creating a large market for Bosch to sell its automotive parts, and they would expand if and when necessary. Indonesia contribution toward Bosch’s Euro€52.3 billion in global sales is currently less than 1 percent, but Indonesia has provided the company’s fastest growth in Southeast Asia, with sales in Indonesia growing by about 30 percent each year.
Citing a report by research company Information Handling Services, Rudy said car output in Indonesia was set to reach 2.7 million units by 2020, and that current production was at 1.2 million units. IHS estimates that car production in emerging economies, including Indonesia, would surpass the production in advanced economies by 2016.
