Nissan to form RI venture

Nissan to form RI venture

TOKYO (Reuter): Nissan Diesel Motor Co Ltd said yesterday it
signed an agreement to set up a joint venture, PT Astra Nissan
Diesel Indonesia, in Jakarta in July.

Astra Nissan, capitalized at 2.87 billion yen, will be owned
75 percent by PT Astra International, and 12.5 percent each by
Nissan Diesel and Marubeni Corp.

It will sell 5,000 heavy trucks, assembled by an Astra Group
unit using Nissan Diesel assistance and components, a year, a
Nissan Diesel spokesman said, adding that it will also start
assembling engines and axles in early 1997. Nissan Diesel is
owned 39.8 percent by Nissan Motor Co Ltd.