Japan's Isuzu to relocate factory from Thailand to Indonesia - Indonesia govt (updated)

Isuzu Motors

07/06/2023 12:12

(adds detail)
       JAKARTA, June 7 (Reuters) - Japanese truck maker Isuzu
Motors  7202.T  plans to relocate a factory from Thailand to
Indonesia and could start production as early as next year,
Indonesia's industry minister said on Wednesday.
    Minister Agus Gumiwang Kartasasmita met with Isuzu's
executives in Tokyo on Tuesday, the ministry said in a
statement. 
    Isuzu in Thailand did not immediately respond to a request
for confirmation.
    "We appreciate Isuzu's decision...we will provide incentives
and will support the relocation process," the minister said in
the statement.
    Isuzu already has a factory in Karawang, Indonesia.
    Indonesia currently produces automobiles for several
Japanese brands including Honda  7267.T , Mitsubishi  7211.T  
and Suzuki  7269.T . It is also seeking to position itself as a
centre for electric vehicle battery production, capitalising on
its abundant raw materials. 
     

 (Reporting by Stefanno Sulaiman in Jakarta and Chayut
Setboonsarng in Bangkok; Editing by Martin Petty)
 ((Stefanno.Sulaiman@thomsonreuters.com;))