PT. Astra Otoparts Tbk Business Report FY ended Dec. 2017
|(in billion IDR)|
|FY ended Dec. 31, 2017||FY ended Dec. 31, 2016||Rate of Change
-Visteon announced that the company and Astra Otoparts are expanding the production and supply of instrument clusters and multi-function displays to major vehicle and motorcycle manufacturers in Vietnam. As a fully owned subsidiary of the Astra Visteon Indonesia, a 50-50 joint venture between Visteon and the Company, the new Vietnam facility Astra Visteon Vietnam will initially manage pre-delivery, quality inspection and just-in-time delivery of instrument clusters and information displays for Honda’s manufacturing facility in Hanoi. Astra Visteon Vietnam is located in Hanoi, and will start operations in January 2018. (From a press release on November 15, 2017)
-The Company invested IDR 0.6 billion in research and development during the fiscal year ended December 31, 2017.
-The Company conducts R&D activities mainly in the Engineering Development Center Division, established in 2012. More than 100 engineers engage in research and development activities.
-The Company’s capital expenditure in the fiscal year ended December 31, 2017 totaled IDR 412.5 billion.