Japan's Isuzu says it is not planning to relocate factory from Thailand to Indonesia

Isuzu Motors

08/06/2023 08:03

TOKYO, June 8 (Reuters) - Japanese truck maker Isuzu
Motors  7202.T  on Thursday said it was not planning to move a
factory from Thailand to Indonesia, a day after the Indonesian
industry minister said the company would do so.
    "While our company continues to focus on Indonesia as a
major market, there are no plans to relocate a Thai factory to
Indonesia," an Isuzu spokesperson said.
    The company had made no announcement on the issue, the
spokesperson added.
    Indonesian Industry Minister Agus Gumiwang Kartasasmita had
said on Wednesday that Isuzu planned to move the factory and
could start production as early as next year. 
    A ministry spokesperson on Thursday did not immediately
respond to a request for comment on the denial from Isuzu, which
already has a factory in Karawang, Indonesia.
    Shares of some Thai auto parts companies sold off on
Thursday after reports of the comment from the Indonesian
industry minister. 
    Isuzu began building trucks in Thailand 60 years ago.
    

 (Reporting by Daniel Leussink in Tokyo and Stefanno Sulaiman in
Jakarta. Editing by Gerry Doyle)
 ((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))