Indonesian Political, Business & Finance News

Nissan to boost RI production tenfold

| Source: DJ

Nissan to boost RI production tenfold

Nissan Motor Co. plans to increase its production of cars in
Indonesia tenfold over the next five years, the Japanese company
said in a news release on Tuesday.

Nissan said it hopes to produce 30,000 units a year by 2009,
up from a current annual output of 3,000. Nissan produces cars in
Indonesia through its unit, PT Nissan Motors Indonesia.

The company has partnered with Intentia International, a
consultant, to help streamline its operations in Indonesia, the
release said.

Indonesia's car market is growing amid strong consumer
spending. In May, total vehicle sales increased 41% on the
previous year to 39,955 units. In 2004, experts expect
Indonesians to buy around 400,000 vehicles, up from 353,000 last
year. -- DJ

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