SYM's Indonesia PTW Plant to Kick Off Production in June

Apr 19, 2006 Ι Industry In-Focus Ι Powersports Ι By Quincy, CENS
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Taipei, April 19, 2006 (CENS)--Sanyang Industry Co., Ltd. (SYM brand), a major powered two-wheeler (PTW) maker in Taiwan, is scheduled to kick off operation of its new PTW plant in Indonesia in June, and the firm will then complete its global PTW-manufacturing deployment.

SYM has projected its annual production volume at 1.5 million units for 2006, which will mainly be turned out at the firm's facilities in Taiwan and Vietnam (operated by the company's subsidiary Vietnam Manufacturing and Export Processing Co. Ltd., or VMEP.)

SYM also claimed that VMEP has won permission from the Vietnamese government for manufacturing 1, 300cc mini commercial vehicles, making the subsidiary the first and only automaker with 100% foreign stake.

SYM president Huang Kuang-wu said that VMEP has bought a land in suburban Ho Chi Minh City and set up an auto-manufacturing plant. The first auto product is expected to be launched in Vietnam next year.

According to Huang, Indonesia is the world's No. 3 PTW market trailing only mainland China and India. SYM will take the zero-tariff advantage of VMEP, located in the ASEAN Free Trade Area (AFTA), to export PTW parts for assembly in Indonesia.

SYM's Global PTW Deployment


Local Deployment

Local Market Scale

Mainland China

Runs the 100%-own subsidiary Xiashing Motorcycle Co., Ltd.

Over 10 M.


Owns a 11.1% stake in Kinetic Motor

6 M. - 7 M.


Runs the 100% subsidiary Sanyang Industri Indonesia

4 M. - 5 M.


Runs the 100% subsidiary VMEP

About 1.5 M.


A PTW plant in Hsinchu

About 0.7 M.

Source: SYM.

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