PT. Astra Otoparts Tbk Business Report FY ended Dec. 2017
Financial Overview |
(in billion IDR) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | Rate of Change (%) |
|
| Sales | 13,549.9 | 12,806.9 | 5.8 |
| Net Income | 551.4 | 418.2 | 31.9 |
New Company
-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)
R&D Expenditures
-The Company invested IDR 0.6 billion in research and development during the fiscal year ended December 31, 2017.
R&D Facilities
-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.
Capital Expenditure
-The Company’s capital expenditure in the fiscal year ended December 31, 2017 totaled IDR 412.5 billion.