STOCKHOLM – To meet strong order intake in Asia, Autoliv has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia. The company says this new plant will enable the company to grow its sales in Indonesia from $12 million last year to $25 million by 2015 in already booked business and to $50 million when the plant will be fully utilized.
 
The plant will replace the company’s existing Indonesian plant and will serve Toyota, Daihatsu and Nissan, Autoliv’s main customers in Indonesia.
 
All 170 employees will be transferred from Autoliv’s existing Indonesian plant. The capital expenditures for the new plant amount to $3 million.
 
Light vehicle production in Indonesia is expected to grow by more than 20 percent this year to nearly 1 million vehicles, according to Autoliv. Indonesia, with a population of 240 million people, is one of the fastest-growing economies in Asia. Autoliv entered the Indonesian market in 2002.