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Web Terminal System
Yokohama Terminal
May 31st, 2012
For the purpose of establishing operations in the Republic of Indonesia, under witness of a notary public from the site (Indonesia), our company has concluded a contract for establishing a joint venture with the container ship company TEMAS LINE PT. Pelayaran Tempuran Emas Tbk.) as follows.
This, the fifth establishment of an overseas subsidiary, follows the establishments of local or foreign subsidiaries in China, Vietnam, Thailand and Singapore. Via the medium-term management plan we have currently settled on, we are mapping out important strategies for expansion of operations in Asia, and promoting the future “strengthening and expansion of distributions in Southeast Asia.”
With the largest population in ASEAN (237 million people) and abundant natural resources, economic growth is expected from Indonesia. With the establishment of a joint venture, we will aim for strong sales (collection) and strengthen our global competitiveness.
| Company name | PT. TEMAS-Suzue Indonesia |
| Paid-in Capital | 2,400,000,000 Rp (Temas: Suzue = 51: 49) (Approximately ¥24,000,000) of the company's invested capital~ approximately ¥11,760,000 |
| Head Office | in Jakarta |
| Business | Provision of general distribution operations |
| Commencement of operations | From now, upon an application to the Regional Legal Affairs Bureau and approval from the Ministry of Transport, operations are planned to commence around September |
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