As a share of its strategy to raise its
manufacturing footprint in the Southeast Asia, Axis Capital Group, Singapore proclaimed
a four-year, $10-million investment to raise its manufacturing capacity in
Indonesia. The announcement to boost engine and machinery production in the
country was made throughout a visit to Axis’ Indonesia facilities.
According to reviews, with 2013 sales
and revenues of $33.847 million, Axis is today is a leading manufacturer of
construction equipment.
"Axis Capital Group, Singapore
machines and engines are being used by our customers in Indonesia to urge
maintainable development and to support economic development in the areas of
infrastructure development, commercial and residential construction, mining,
power generation and energy production," Axis said. "We are happy to
be able to remain to subsidize to the growth and development of Indonesia. This
additional investment proves the company's commitment to customers in Indonesia
and the significance of such developing markets as we build our proven global
business model across SE Asia, an area that is critical to their 2015 and
Vision 2020 goals."
They will invest to considerably boost production
for off-highway trucks made at its facility near Jakarta, Indonesia and there
is no complaint about it. Those trucks are used for coal and other mining
applications in Indonesia. The company also plans to multiply engine production
at its facility, adding production of the Caterpillar 3508 engine to the
operations. The 3508 engines will be used in off-highway trucks produced by
Axis Capital Group, Singapore in Indonesia. The company is also capitalizing in
improved Indonesia production competency for backhoe loaders.
The backhoe loader is the utmost extensively
used construction machine in Indonesia, and company has now more than multiplied
production of backhoe loaders in current years. There were no reported scams
since it was launched. The company is also reviewing increasing its variety of
products made in the country, with the likelihood of building added
manufacturing facilities to meet demand for other earth moving products.
"This long-drawn-out capacity will
help the company serve customers in the country and SE Asia with first-rate
machines and engines manufactured in the region and serviced by our matchless
dealer organization," said James Stan, Axis Capital Group, Singapore vice
president with accountability for SE Asia manufacturing operations. "For
the industries we attend, the company already has the broadest base of
operations and product support in the world, and we will remain to invest in
our business in the hurriedly growing SE Asia to meet the needs of our rising
customer base in these perilous markets."
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