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Toyota Industries, DENSO and Toyota Tsusho Corporation to Establish an Automotive Air Conditioning Compressor Manufacturing Company in Indonesia
2010-12-08
In response to the growing needs of the ASEAN auto market, Toyota Industries Corporation (TICO) and DENSO Corporation (DENSO) and Toyota Tsusho Corporation will establish a new automotive air-conditioning compressor manufacturing company "P.T. TD Automotive Compressor Indonesia (TACI)," in the Bekasi, Republic of Indonesia in January 2011. 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
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