November 16, 2021 | ||
C o m p a n y N a m e : Chuo | Spring | Spring Co., Ltd. |
Name of representative: Satoshi | Takae, | Representative President |
( 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.