Shanghai, July 28 (Gasgoo.com) China's commercial vehicle maker Beiqi Foton Motor plans to set up an assembly plant in Indonesia to support its aim of dominating the Asia Pacific market, xinhuanet.com reported today.
Dong Haiyang, Vice President of Beiqi Foton Motor Co. who is also the general manager of Foton International Trade Co. Ltd., regarded Indonesia as an important market in the Asia Pacific region.
He said that Foton's investment in Indonesia would be a production base for Foton's market in the region. Setting up a production plant in Indonesia is part of Foton's global business strategy, he added.
As a new comer to the bus, truck and heavy-duty vehicle market in Indonesia - a lucrative market in the Asia Pacific region, Foton set realistic sale targets in the market "to secure 2% market share in our category within three years and improve to 3% two years later," Dong said.
In Indonesia, the Beijing-based automaker has formed cooperation with domestic firms, PT Foton Mobilindo and PT Foton Indonesia that handle the sale distribution and heavy duty truck import respectively.
Foton Motor has also allocated some $300,000 to develop the after-sales services and secure the auto-parts supplies to satisfy its Indonesian customers.
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