Latest Stories

Toyota to invest $1.3B in Indonesia over 5 years

TOKYO – Japan’s Toyota group said Saturday it would invest about 13 trillion rupiah ($1.3 billion) over the next five years in expanding its vehicle production in Indonesia.

Toyota Motor and its five affiliated firms are making the move “considering the remarkable growth of the (Indonesian) market in recent years”, a statement from the group said.

The investment will create 9,000 new jobs, raising the group’s total workforce in Indonesia to around 41,000, according to Japanese media.

Toyota Motor’s Indonesian unit, Toyota Motor Manufacturing Indonesia (TMMIN), will buy 150 hectares (370 acres) of land near its two plants in Karawang outside Jakarta to build a new engine plant, the statement said.

TMMIN will increase annual production at one of the Karawang plants from 110,000 vehicles to 130,000 by September 2013 to reinforce supply of pickup trucks, minivans and sports utility vehicles.

The five Toyota group firms are Daihatsu Motor, Toyota Auto Body, Aisin Seiki, Denso and Toyota Tsusho.

In the expansion project, Toyota Auto Body will begin vehicle production in December, the statement said.

Daihatsu Motor will also begin construction of its second test track and design center outside Japan — at one of its Karawang plants — by the end of this year.

The six group firms have already invested about 27 trillion rupiah over four decades with Toyota Motor accounting for 9.5 trillion rupiah, the statement said.

Strong investment and domestic spending have seen Indonesia remain one of the best performers in Asia. Southeast Asia’s biggest economy on Monday announced growth of 6.2 percent in the third quarter from a year earlier.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Indonesia , Investments , Motoring , Toyota

  • dabu

    A huge real gain to Indonisia, a huge opportunity loss to RP. This is no fun for RP.

  • http://www.facebook.com/profile.php?id=1026258282 Ed Ridwan

    Indonesia ,the league of its own

  • mark1205

    Why would motor companies invest here? We don’t want to even buy brand new utility cars we just want to rehabilitate old ones from japan or other countries who consider what we use junk. Now who wants to breath fresh air in our cities? I bet that is impossible.

    • Yxon

      very true…the importation of second hand cars has a very big effect even on our local distributors…add to it our attitude of rehabilitating old ones (which is an effect of our economic capacity)

  • delpillar

    Actually hindi lang ito ang balita in the past few weeks sa mga business news worldwide..
    More than 20 Japanese companies will invest more than 1 billion US Dollars in the next 5 years (puera pa sa 1.3 Billion US Dollars from Toyota).

    Daihatsu, a smaller car manufacturing company will invest 350 million US Dollars within 5 years in Indonesia.

    Last month ay nag-announced din yung Nissan that they will make new additional factories sa Thailand na ang output will be an additional 400,000 cars per year. The worth of that investment is about 400 Million US Dollars. So wala talaga na pupunta sa Pilipinas. Ang nababasa ko ay Thailand ang first and foremost sa mga Japanese companies, next is Singapore, Malaysia Indonesai, Thailand and Vietnam. Japanese waved the 3 Billion na utang ng Myanmar because they will invest a lot in the next 5 to 10 years sa Myanmar.

    In the past 10 years, other than Europe, ang daming Indonesian students na nag-aaral sa mga foreign universities…. mostly are funded by the government of Indonesia, multinational companies at mga private companies ng Indoneisia and nGOs. Parang yung Prime Minister Mohamad Educational Scholarship noonng 1980′s to 90′s sending hundreds to thousand students to Japan
    to study engineering and technical educations.

    Ang pinaka-ayaw ng investors sa Pilipinas ay over-night, ang rules and policies ay pwedeng i-interpret or i-twist ng mga corrupt na officials ng government lalo na ang mga mga nasa congresso at national posittions para mangotong ng pera at Condo units.

    Kung ano ang ginawa ng Malaysia sa infrastructure investments noong 1980′s to 90′s ay sya ring ginagawa ng Indonesia in the past 10 years.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Pakistan library named ‘bin Laden,’ as memory fades
  • US teacher fired over comment on black president
  • Magnitude-7.5 earthquake shakes Mexican capital
  • Title of new Hillary Clinton book: ‘Hard Choices’
  • Filipinos, Dutch re-enact crucifixion of Christ
  • Sports

  • Nadal ousted by Ferrer in Monte Carlo quarters
  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Filipina accomplice arrested for fake bills in Malaysia
  • DoH denies Filipino nurse no longer positive for MERS virus
  • Marketplace