Toyota Industries and DENSO to Establish an Automotive Air-Conditioning Compressor Manufacturing Company in Indonesia

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1 Toyota Industries and DENSO to Establish an Automotive Air-Conditioning Compressor Manufacturing Company in Indonesia Dec 8, 2010 KARIYA (Japan) - In response to the growing needs of the ASEAN auto market, Toyota Industries Corporation (TICO) and DENSO Corporation (DENSO) will establish a new automotive air-conditioning compressor manufacturing company in Bekasi, Republic of Indonesia in January The new company to be named "P.T. TD Automotive Compressor Indonesia (TACI)," will be jointly established by P.T. Astra Otoparts and Toyota Tsusho Corporation, as well as TICO and DENSO. "TACI is our 5th overseas compressor factory, which will increase our supply capabilities to meet the growing needs of the ASEAN automobile market," said Masaharu Suzuki, managing officer in charge of TICO's Compressor Division. TACI will succeed P.T. DENSO Indonesia (DNIA)'s compressor operation and will be based on DNIA's current operations. Production at TACI will begin in June 2011 and the new company plans to produce 1 million units in the first year of operation. "In response to expanded customer demands in the ASEAN region, we intend to increase the annual manufacturing capacity of TACI from 1 million units to 1.6 million by the end of the fiscal year ending March 2016," said Akio Shikamura, senior managing director of DENSO's Thermal Systems Business Group. Additionally, TACI will produce and supply compressors for the "Etios" compact car that was developed by Toyota Motor Corporation for the Indian market. Profile of New Company 1. Name : P.T. TD Automotive Compressor Indonesia 2. Location : MM2100 Industrial Town, Bekasi, West Java Province, Jakarta, Republic of Indonesia (Inside DNIA Bekasi Factory) 3. Establishment : January Start of Operations : June Capital : Billion Rupiahs (approximately US$20.7 Million*) 6. Ownership : 50.1 percent owned by TICO 20.0 percent owned by DENSO INTERNATIONAL ASIA PTE. LTD.

2 4.2 percent owned by P.T.Toyota Tsusho Indonesia 7. Investment : Approximately 2 Billion Yen (approximately US$23.7 Million*) 8. Business Activities : Manufacture of compressors for car air conditioners 9. Building Area : Factory area approximately 10, Employees 11.Annual Manufacturing Capacity : 500 (when production has started) : 1 million units per year (Fiscal 2011 plan) Reference: Profile of P.T. DENSO Indonesia after Establishment of new Company 1.Location : Tanjung Priok, Jakarta City, Republic of Indonesia 2.Establishment : May Capital : Billion Rupiahs (approximately US$0.3 Million*) 4.Ownership : 68.3 percent owned by DENSO INTERNATIONAL ASIA PTE. LTD. 6 percent owned by Toyota Tsusho Corporation 5.Business : Manufacture and sales of car air conditioners, radiators, description spark plugs, 0 2 sensors etc. 6.Employees : 2,150 (as of June 2011) * Exchange rates used are Indonesian Rupiah per one dollar and yen per one dollar, at the end of November 2010 for convenience only. Billion is used in the American sense of one thousand million. About Toyota Industries Corporation With core-business materials handling equipment and car air-conditioning compressors occupying top world market share, Toyota Industries Corporation is a total equipment maker that is expanding its ventures in vehicles, engines, textile machinery and electronics. For the fiscal year ended March 31, 2010 sales were 1.37 trillion yen. Toyota Industries Corporation is traded on the Tokyo, Osaka, and Nagoya stock exchanges. More information about Toyota Industries Corporation is available at

3 consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.. For more information, go to or visit our media website at Contact Us Sitemap Privacy Policy Terms of Use Sumber :

4 Corporate Info Business Overview News Releases Investor Relations Corporate Citizenship Japanese Home>News Releases : 2010 Help News Releases / 2010 Return to 2010 News List December 8, 2010 Toyota Industries Corporation DENSO Corporation Toyota Industries and DENSO to Establish an Automotive Air-Conditioning Compressor Manufacturing Company in Indonesia KARIYA (Japan) In response to the growing needs of the ASEAN auto market, Toyota Industries Corporation (TICO) and DENSO Corporation (DENSO) will establish a new automotive air-conditioning compressor manufacturing company in the Bekasi, Republic of Indonesia in January The new company to be named P.T. TD Automotive Compressor Indonesia (TACI), will be jointly established by P.T. Astra Otoparts and Toyota Tsusho Corporation, as well as TICO and DENSO. TACI is our 5th overseas compressor factory, which will increase our supply capabilities to meet the growing needs of the ASEAN automobile market, said Masaharu Suzuki, managing officer in charge of TICO's Compressor Division. TACI will succeed P.T. DENSO Indonesia (DNIA)'s compressor operation and will be based on DNIA's current operations. Production at TACI will begin in June 2011 and the new company plans to produce 1 million units in the first year of operation. In response to expanded customer demands in the ASEAN region, we intend to increase the annual manufacturing capacity of TACI from 1 million units to 1.6 million by the end of the fiscal year ending March 2016, said Akio Shikamura, senior managing director of DENSO's Thermal Systems Business Group. Additionally, TACI will produce and supply compressors for the Etios compact car that was developed by Toyota Motor Corporation for the Indian market.

5 Profile of New Company 1.Name 2.Location 3.Establishment : January Start of Operations : June Capital 6.Ownership 7.Investment 8.Business Activities : P.T. TD Automotive Compressor Indonesia : MM2100 Industrial Town, Bekasi, West Java Province, Jakarta, Republic of Indonesia (Inside DNIA Bekasi Factory) : Billion Rupiahs (approximately US$20.7 Million*) : 50.1 percent owned by TICO 20.0 percent owned by DENSO INTERNATIONAL ASIA PTE. LTD. 4.2 percent owned by P.T.Toyota Tsusho Indonesia : Approximately 2 Billion Yen (approximately US$23.7 Million*) : Manufacture of compressors for car air conditioners 9.Building area : Factory area approximately 10,000m 2 10.Employees 11.Annual Manufacturing Capacity : 500 (when production has started) : 1 million units per year (Fiscal 2011 plan) Reference: Profile of P.T. DENSO Indonesia after Establishment of new Company 1.Location : Tanjung Priok, Jakarta City, Republic of Indonesia 2.Establishment : May Capital 4.Ownership 5.Business description : Billion Rupiahs (approximately US$0.3 Million*) : 68.3 percent owned by DENSO INTERNATIONAL ASIA PTE. LTD. 6 percent owned by Toyota Tsusho Corporation : Manufacture and sales of car air conditioners, radiators, spark plugs, 0 2 sensors etc. 6.Employees : 2,150 (as of June 2011) * Exchange rates used are Indonesian Rupiah per one dollar and yen per one dollar, at the end of November 2010 for convenience only. Billion is used in the American sense of one thousand million. About Toyota Industries Corporation With core-business materials handling equipment and car air-conditioning compressors occupying top world market share, Toyota Industries Corporation is a total equipment maker that is expanding its ventures in vehicles, engines, textile machinery and electronics. For the fiscal year ended March 31, 2010 sales were 1.37 trillion yen. Toyota Industries Corporation is traded on the Tokyo, Osaka, and Nagoya stock exchanges. More information about Toyota Industries Corporation is available at About DENSO Corporation DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 34 countries and regions (including Japan) and

6 employs approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2010, totaled US$32.0 billion. Last fiscal year, DENSO spent 9.1 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to or visit our media website at Return to Top Terms of Use Privacy Policy Contact Us Site Map Copyright(c) 2010 TOYOTA INDUSTRIES CORPORATION. All rights reserved. Sumber :

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