Hyundai to invest $40M in truck plant
South Korean auto-maker Hyundai Motor Co. plans to invest $40 million in its truck and bus assembly plant in Indonesia, local reports said Friday (25/1/08), Xinhua reported.
The investment will go to local subsidiary PT Korindo Heavy Industry which manufactures bus and truck chassis with a capacity of 10,000 truck chassis and 1,500 bus chassis a year.
Hyundai has sold 1,132 buses since its debut in the Indonesian heavy vehicle market in June 2007.
The investment will go to local subsidiary PT Korindo Heavy Industry which manufactures bus and truck chassis with a capacity of 10,000 truck chassis and 1,500 bus chassis a year.
Hyundai has sold 1,132 buses since its debut in the Indonesian heavy vehicle market in June 2007.