Humpuss, Detroit sign agreement<\/p>\n
JAKARTA (JP): After nearly 12 months of negotiations, a U.S.
\nheavy-duty diesel engine manufacturer, Detroit Diesel
\nCorporation, yesterday appointed an affiliate of the Humpuss
\nGroup to act as its sole distributor in Indonesia.<\/p>\n
Under an agreement signed here yesterday, PT Mahasara Buana
\n(Mabua), a Humpuss affiliate operating in trade and construction,
\nwill establish a new company to distribute Detroit's products.<\/p>\n
The agreement was signed by Detroit's chairman, Roger S.
\nPenske, Detroit's vice president for Asia, John Cousins, Mabua's
\npresident, Soetikno Soedarjo, and Humpuss's chairman, Hutomo
\nMandala Putra.<\/p>\n
Penske said that Mabua will also be allowed to sell Detroit's
\nproducts in other Asian countries, especially within the
\nSoutheast Asian region.<\/p>\n
\"Our main market is the northern American countries, but now
\nwe have the opportunity to enter the Asian market through
\nIndonesia,\" he said.<\/p>\n
Detroit began operation in 1988 as the successor to the heavy
\ndiesel engine business of the Detroit Diesel Allison division of
\nGeneral Motors Corporation, of which Penske controls 60 percent
\nownership, while General Motors owns the rest.<\/p>\n
Before 1988, General Motors had appointed PT Garuda as its
\nIndonesian distributor but the agency cooperation was terminated,
\naccording to Penske, who is a famous racer.<\/p>\n
Soetikno said that an executive of Detroit, Joop Heilijgers,
\nwill be assigned as a manager in the new company which will be
\nestablished by Mabua later this year with an investment of about
\nRp 3 billion (US$1.37 million).<\/p>\n
He said that the increasing need for transportation of goods
\nand passengers in Indonesia promises that diesel engines for
\ntrucks, buses, boats and power generation will be a major market
\nfor Detroit. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/humpuss-detroit-sign-agreement-1447893297",
"image": ""
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