SEOUL – PT Hyundai Oto Commercial Indonesia (HOKI) and Hyundai Motor Company (HMC) are united. A cooperation agreement to form a Joint Venture (JV) company has been signed. The parent company of HOKI, PT Artha Mobil Indonesia (AMI) is represented by Iki Wibowo signing this cooperation with Lee In Cheol (Vice President of Hyundai Motor Company) at Wisma KBRI Seoul.
The agreement between AMI and HMC will make HMC’s big business step in Indonesia for Commercial Truck and Bus. Not only between two companies, but also related to the close cooperation between the two countries, Indonesia and South Korea.
The signing was also attended by Umar Hadi, Indonesian Ambassador to South Korea, and Triawan Munaf, Head of the Creative Economy Agency (equivalent minister) as well as Liaison of South-Indonesia Investment Cooperation.
AMI and HMC agreed to build the company as well as assembly plant Hyundai Trucks and Buses. The plant will be built in Artha Industrial Hill (AIH), Karawang, West Java.
Existing facilities are assembly building, quality control and test track. “AIH is a very appropriate place because it is very strategic and has good infrastructure facilities,” said Iki Wibowo.
“The company and assembly plant of Hyundai Trucks and Buses in the early stages will be able to deliver XCIENT Trucks and ALL New MIGHTY of 2,000 units per year,” added Iki.
It is a pride for us Indonesians to be able to work together with HMC which is the 5th largest automotive industry in the world. For the initial phase, the plant is expected to absorb about 500 workers.