( T i c k e r s y m b o l : 5 9 9 2 ; 1st Section of the Tokyo Stock Exchange)
I n q u i r i e s : F u m i k i Y a z a w a , O f f i c e r (Telephone:+81-(0)52-624-8550)
Business Expansion in Indonesia
Chuo Spring Co., Ltd. ("Chuo Spring") (President and CEO:
Satoshi Takae) announced that it has received new orders
for chassis spring products for Toyota-Daihatsu in
Indonesia and plan to expand its business in South Asia,
following on from Thai business.
To secure business for compact vehicles, which is expected
to expand in Southeast Asia in the future, Chuo Spring have
pursued quality and competitiveness of products, which has
led to new orders this time. As Indonesia, alongside
Thailand, is an important strategic base in Southeast Asia,
Chuo Spring will continue to promote sales expansion
activities and capital investment for main customers and
PHOTO：P.T CHUHATSU INDONESIA
work to achieve our
medium-and-long term
management plan.
(consolidated sales of ¥100 billion and operating profit of
5%)
１．Expansion of the production scale in Indonesia
《Investment Projection》
(100 million JPY)
《Sales Projection》
(100 million JPY)
To be expanded
10
Expansion of Sales
investment amount
125
Expanded
For Toyota・For Daihatsu
6.29
Accumulated investment amount
Keep
For Daihatsu
Chassis
springs/Precision springs production
5
4.16
75
1.5
25
0
2021
2022
2023
2021
2022
2023
2024
2025
2．Activities to reduce manufacturing costs for compact vehicles
① Strengthen global procurement activities
Chuo Springs achieves global procurement at optimal quality costs in the world.
②Use of in-house products from Thailand to Southeast Asia
The raw Material, which has consolidated and performed its secondary process in Thailand, is used in its Thai and Indonesian facility. Chuo Spring will achieve cost reduction and extra strength of its products for new compact car business this time.
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Chuo Spring Co. Ltd. published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 07:35:06 UTC.
CHUO SPRING CO.,LTD. is a Japan-based company engaged in the manufacture and sale of auto accessories. The Company operates through four geographic segments. The Japan segment is engaged in the manufacture and sale of chassis springs, precision springs and cables, the design and development of automobile parts, design and manufacture of related equipment, processing of construction material equipments, design and development of reels, plating processing business and transportation business. The North American segment and the China segment are engaged in the manufacture and sale of precision springs and cables. The Asia segment is engaged in the development and sale of precision springs and cables, as well as design and development of automotive parts and equipment.
CHUO SPRING CO.,LTD. 