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December 8, 2010
Toyota Industries Corporation
DENSO Corporation |
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Toyota Industries and DENSO to Establish an Automotive
Air-Conditioning Compressor Manufacturing Company in Indonesia
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KARIYA (Japan) — In response to the growing needs of the ASEAN auto market, Toyota Industries Corporation (TICO) and DENSO Corporation (DENSO) will establish a new automotive air-conditioning compressor manufacturing company in the Bekasi, Republic of Indonesia in January 2011. The new company to be named “P.T. TD Automotive Compressor Indonesia (TACI),” will be jointly established by P.T. Astra Otoparts and Toyota Tsusho Corporation, as well as TICO and DENSO.
“TACI is our 5th overseas compressor factory, which will increase our supply capabilities to meet the growing needs of the ASEAN automobile market,” said Masaharu Suzuki, managing officer in charge of TICO's Compressor Division.
TACI will succeed P.T. DENSO Indonesia (DNIA)'s compressor operation and will be based on DNIA's current operations. Production at TACI will begin in June 2011 and the new company plans to produce 1 million units in the first year of operation.
“In response to expanded customer demands in the ASEAN region, we intend to increase the annual manufacturing capacity of TACI from 1 million units to 1.6 million by the end of the fiscal year ending March 2016,” said Akio Shikamura, senior managing director of DENSO's Thermal Systems Business Group.
Additionally, TACI will produce and supply compressors for the “Etios” compact car that was developed by Toyota Motor Corporation for the Indian market.
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Profile of New Company
| 1.Name |
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P.T. TD Automotive Compressor Indonesia |
| 2.Location |
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MM2100 Industrial Town, Bekasi, West Java Province, Jakarta, Republic of Indonesia (Inside DNIA Bekasi Factory) |
| 3.Establishment |
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January 2011 |
| 4.Start of Operations |
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June 2011 |
| 5.Capital |
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187.3 Billion Rupiahs (approximately US$20.7 Million*) |
| 6.Ownership |
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50.1 percent owned by TICO
25.7 percent owned by P.T. Astra Otoparts
20.0 percent owned by DENSO INTERNATIONAL ASIA PTE. LTD.
4.2 percent owned by P.T.Toyota Tsusho Indonesia |
| 7.Investment |
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Approximately 2 Billion Yen (approximately US$23.7 Million*) |
| 8.Business Activities |
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Manufacture of compressors for car air conditioners |
| 9.Building area |
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Factory area approximately 10,000m2 |
| 10.Employees |
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500 (when production has started) |
11.Annual Manufacturing
Capacity |
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1 million units per year (Fiscal 2011 plan) |
Reference: Profile of P.T. DENSO Indonesia after Establishment of new Company
| 1.Location |
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Tanjung Priok, Jakarta City, Republic of Indonesia |
| 2.Establishment |
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May 1975 |
| 3.Capital |
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2.345 Billion Rupiahs (approximately US$0.3 Million*) |
| 4.Ownership |
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68.3 percent owned by DENSO INTERNATIONAL ASIA PTE. LTD.
25.7 percent owned by P.T. Astra Otoparts
6 percent owned by Toyota Tsusho Corporation |
| 5.Business description |
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Manufacture and sales of car air conditioners, radiators, spark plugs, 02 sensors etc. |
| 6.Employees |
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2,150 (as of June 2011) |
* Exchange rates used are 9035.70 Indonesian Rupiah per one dollar and 84.27 yen per one dollar, at the end of November 2010 for convenience only. Billion is used in the American sense of one thousand million.
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