PT. Astra Otoparts Tbk Business Report FY ended Dec. 2019

Financial Overview

(in billion IDR)
  FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 Rate of Change
Sales 15,444.8 15,356.4 0.6
Net Income 739.7 611.0 21.1


New Company

-NTN Corporation (NTN) and PT. Inti Ganda Perdana (IGP) of Astra Group officially signed a joint venture agreement to manufacture constant velocity joint (CVJ), the essential component for front-wheel drive vehicles (FF vehicles) whose demand is expanding in automotive market in Indonesia. NTN and IGP will establish a new company with IDR 120 billon capital, 51% shares by IGP and 49% by NTN, namely PT. Astra NTN Driveshaft Indonesia based on the joint venture agreement, and will construct a plant, floor area of 8,500 square meters, located at KIM industrial park in Karawang district of western Java with the aim of starting mass production in August 2020. (From a press release on May 24, 2019)


R&D Facilities

-The Company conducts R&D activities mainly in the Engineering Development Center Division, established in 2012.


Capital Expenditure

-The Company’s capital expenditure in the fiscal year ended December 31, 2019 totaled IDR 528.2 billion.