Astra Otoparts searching for joint ventures partners
• 17 Apr 2014
File photo of workers assembling a new Audi R8 car body in the automotive welding and assembly lines hall of the German car manufacturer's plant in Neckarsulm (REUTERS/Michaela Rehle)
AUTO has allocated a total of Rp 6 trillion (US$525 million) as its capex funds
The Jakarta Post - Publicly listed automotive-parts manufacturer PT Astra Otoparts (AUTO), a subsidiary of the Astra Group conglomerate, is looking to establish three joint ventures this year in an attempt to grab new businesses, the company’s executives said.
“What is certain is that we will continue to create new business partners every year, but I cannot reveal this year’s details at the moment,” AUTO director Darmawan Widjaja said after attending the company’s shareholder’s meeting on Tuesday.