Volkswagen (VW) to build EUR200-mil. vehicle manufacturing plant in Indonesia
Part of the group's broader aim of expanding its footprint in emerging markets.
Volkswagen (VW) plans to establish a new vehicle manufacturing plant in Cikampek, West Java (Indonesia), reports the Jakarta Globe. The Indonesian government has permitted VW to invest in the country, as long as the group adheres to regulatory requirements, including joining a domestic partnership and using national components. The initial investment in the plant is estimated at EUR200 million (USD268.5 million). An official statement about VW's new venture in Indonesia will be released by the year-end and production is expected to begin in 2014.
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