Astra sees Korean cars as main competitor<\/p>\n
JAKARTA (JP): President of PT Astra International Theodore
\n(Teddy) Permadi Rachmat has said that the South Korean Hyundai
\nand Daewoo will be the main threat to his company which produces
\nJapanese cars.<\/p>\n
Teddy told the Far Eastern Economic Review magazine in its
\nlatest issue that the Korean cars which have set up joint-venture
\nassembly plants in Indonesia will be the main challenge for his
\ncompany in the next five years.<\/p>\n
Astra International assembles Japanese Toyota, Daihatsu, Isuzu
\nand Nissan Diesel truck as well as German BMW and French Peugeot.<\/p>\n
Teddy acknowledged Astra's limitation in car producing as
\nheavily dependent on foreign partners.<\/p>\n
He said that the growth of automobile company will always rely
\non the domestic market.<\/p>\n
President Director of PT Starsauto Dinamika -- the assembler
\nof the Korean cars -- Darwin Maspolin has said that Daewoo and
\nHyundai have ambitious plans to become major players in the
\nIndonesian market.<\/p>\n
Starsauto planned to pool its resources, supported by good
\nquality and services and cheaper prices, to topple the Japanese
\nmarket leaders in the country.<\/p>\n
However, Astra International whose core business is automotive
\nproduction, has diversified into agribusiness such as palm oil
\nand timber estate, into telecommunications, toll-road and power
\ngeneration.<\/p>\n
Astra International spearheads Indonesia's challenge to
\nMalaysia in the global palm-oil market by having more than
\n160,000 hectares in palm plantations in Sumatra and Sulawesi.<\/p>\n
The magazine interviewed Teddy in light of its annual survey
\nof Asian corporate leadership.<\/p>\n
The Hong Kong-based magazine selected Astra International the
\nwinning company in the overall leadership category among the top
\n10 Indonesian firms.<\/p>\n
The state-owned international telecommunications operator PT
\nIndosat, Toyota Astra motor -- subsidiary of Astra
\nInternational -- Freeport Indonesia, Ciputra Development,
\nIndofood, Bank Niaga, Gudang Garam, Bank Central Asia and Bank
\nBali are included in the top 10 winners.<\/p>\n
The magazine also lists the top-10 companies from Australia,
\nHong Kong, India, Japan, South Korea, Malaysia, The Philippines,
\nSingapore, Taiwan and Thailand.<\/p>\n
Indosat was on the top of the list last year which was
\nfollowed by Astra International. (kod)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/astra-sees-korean-cars-as-main-competitor-1447893297",
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"sponsor": "Okusi Associates",
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