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Toshiba plans to invest $500m in new local plant Toshiba plans to invest $500m in new local plant - Last Update : 1/3/2014 9:39:02 AM - Views : 1155

Japanese electronics manufacturer, the Toshiba Corporation, will invest between US$400 million and $500 million in Indonesia to enlarge its production facility and tap into surging domestic demand for electronics.

"Toshiba wants to expand its business here with new investment," Investment Coordinating Board (BKPM) chief Mahendra Siregar said on Tuesday at the Office of the Coordinating Economic Minister.

The plan was revealed after Mahendra, along with some ministers, such as Coordinating Economic Minister Hatta Rajasa, Industry Minister MS Hidayat and Trade Minister Gita Wirjawan, paid a official visit headed by President Susilo Bambang Yudhoyono to Japan.

Indonesia has seen a significant rise in electronics sales per year, driven by its rapidly-expanding middle class.

Huge potential in the domestic market has attracted global electronics makers like the Panasonic Corporation, Japan’s largest home appliance manufacturer, to strengthen its foothold in the domestic market, which is projected to grow by 15 percent to Rp 33 trillion ($2.72 billion) this year from last year.

At present, Toshiba produces a slew of products in its Indonesian plants, including LED TVs, DVD players, air conditioners and notebooks.

Hidayat said Toshiba would, next year, construct a manufacturing facility that would be located on Java. The plant was designed to produce household appliances and other electronics items.

"The firm expects to focus more here, making Indonesia its production base outside Japan," he explained.

The government suggested Toshiba set up a joint venture with a local partner to execute its new business plan, and source a considerable number of components locally, Hidayat added.

Toshiba’s move emerged after it said that by the end of last month it would stop the production of LCD televisions at its plant in Dalian, northeast Liaoning province, China, and shut it down late this month, cutting 900 jobs following years of losses.

The Dalian TV plant made between 700,000 and 800,000 units in the past year, the majority of which were delivered to Japan. Following the closure, Toshiba will shift production to a Taiwanese contract manufacturer and continue supply to the Chinese market via a Chinese manufacturer.

The decision to close down its China plant was taken to "reform and return to profit its visual products business", according to a press statement.

The Upcoming Event:
INATRONiCS 2014(The 5th Indonesia's Largest Electronics, Components & Technology Exhibition 2014)
19 – 22 March 2014, JIExpo – Kemayoran Jakarta, Indonesia
www.inatronics-exhibition.net

INATRONiCS is The Indonesia’s Most Influential Electronics Industry Platform…
The show will feature a full spectrum of products and services for electronic components, material, assemblies, electronics production technologies and Auto Electronics. The product spectrum is optimally geared to the market requirements. It's Indonesia's unparalled one-stop for the Electronics and Automotive platform that show the complete convergence of technology and products through value chain.


PT. Global Expo Management (GEM Indonesia)
Perkantoran Mutiara Taman Palem, Block C5 No. 28-29
Jl. Kamal Raya Outer Ring Road, Jakarta Barat, 11730, Indonesia
Phone : +62 21 5435 8118 (Hunting), +62 21 5435 8169
Fax : +62 21 5435 8119
Email : metta@gem-indonesia.com

GEM Indonesia is the leading global exhibition and event management services in Indonesia.


Source :

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