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 Bekasi Province of the 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.
Profile of New Company
1 Name : P.T. TD Automotive Compressor Indonesia
2 Location : MM2100 Industrial Town, Bekasi, West Java Province, Jakarta, Republic of Indonesia (Inside DNIA Bekasi Factory)
3 Establishment : January 2011
4 Start of Operations : June 2011
5 Capital : 187.3 Billion Rupiahs (approximately US$20.7 Million*)
6 Ownership : 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 : Approximately 2 Billion Yen (approximately US$23.7 Million*)
8 Business Activities : Manufacture of compressors for car air conditioners
9 Building Area : Factory area approximately 10,000 m²
10 Employees : 500 (when production has started)
11 Annual Manufacturing : 1 million units per year (Fiscal 2011 plan)
Capacity
Reference: Profile of P.T. DENSO Indonesia after Establishment of new Company
1 Location : Tanjung Priok Region, Jakarta City, Republic of Indonesia
2 Establishment : May 1975
3 Capital : 2.345 Billion Rupiahs (approximately US$0.3 Million*)
4 Ownership : 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 : Manufacture and sales of car air conditioners, radiators, plugs, 02 sensors etc.
6 Employees : 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.
About Toyota Industries Corporation
With core-business materials handling equipment and car air-conditioning compressors occupying top
world market share, Toyota Industries Corporation is a total equipment maker that is expanding its
ventures in vehicles, engines, textile machinery and electronics.
For the fiscal year ended March 31, 2006 sales were 1.50 trillion yen. Toyota Industries Corporation is
traded on the Tokyo, Osaka, and Nagoya stock exchanges. More information about Toyota Industries
Corporation is available at www.toyota-industries.com.
About DENSO Corporation
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive
supplier of advanced technology, systems and components in the areas of thermal, powertrain control,
electric, electronics and information and safety. Its customers include all the world's major carmakers.
Worldwide, the company has more than 200 subsidiaries and affiliates in 34 countries and regions
(including Japan) and employs approximately 120,000 people. Consolidated global sales for the fiscal
year ending March 31, 2010, totaled US$32.0 billion. Last fiscal year, DENSO spent 9.1 percent of its
global consolidated sales on research and development. DENSO common stock is traded on the Tokyo
and Nagoya stock exchanges. . For more information, go to www.globaldenso.com, or visit our media
website at www.densomediacenter.com.
Contact:
Toyota Industries Corporation
Phone: 81-566-27-5157
Fax: 81-566-27-5652
DENSO Corporation
Phone: 81-566-25-5594
Fax: 81-566-25-4509
