business

Toyota Tsusho takes stake in Indonesia's largest auto parts manufacturer

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Toyota Tsusho Corp (TTC) will purchase 4.9% of shares in PT Astra Otoparts from its parent company, PT Astra International. The amount of shares that TTC acquires will be 886 billion Indonesian rupiah, or 9.3 billion Japanese yen.

In Indonesian automotive industries, TTC has developed wide range of businesses and services through providing supply chain services such as procurement, processing and logistics of material and component parts.

TTC also provides Techno-Park services where TTC provides the factory leasing, administrative services such as HR and accountings and various supports and advisories with Japanese auto-parts suppliers.

© JCN Newswire

©2024 GPlusMedia Inc.

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