Chuo Spring Co.,Ltd. Announces Business Expansion in Indonesia
November 16, 2021 at 12:30 pm IST
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Chuo Spring Co. Ltd. announced that it has received new orders for chassis spring products for Toyota-Daihatsu in Indonesia and plan to expand its business in South Asia, following on from Thai business. To secure business for compact vehicles, which is expected to expand in Southeast Asia in the future, Chuo Spring have pursued quality and competitiveness of products, which has led to new orders this time. As Indonesia, alongside Thailand, is an important strategic base in Southeast Asia, Chuo Spring will continue to promote sales expansion activities and capital investment for main customers and work to achieve medium-and-long term management plan. (consolidated sales of ?100 billion and operating profit of 5%).
CHUO SPRING CO.,LTD. is a Japan-based company engaged in the manufacture and sale of auto accessories. The Company operates through four geographic segments. The Japan segment is engaged in the manufacture and sale of chassis springs, precision springs and cables, the design and development of automobile parts, design and manufacture of related equipment, processing of construction material equipments, design and development of reels, plating processing business and transportation business. The North American segment and the China segment are engaged in the manufacture and sale of precision springs and cables. The Asia segment is engaged in the development and sale of precision springs and cables, as well as design and development of automotive parts and equipment.