TITLE

Suzuki Establishes Marketing JV

PUB. DATE
August 2003
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Aug2003, Vol. 14 Issue 8, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
Japanese carmaker Suzuki Motor Corp. has entered into a joint venture with Thai distributor Siam International Corp., as of August 1, 2003. The joint venture, Suzuki Automobile, will develop new technology and the local market for Suzuki vehicles, with the Japanese partner taking a management role. An initial registered capital of US $9.6mn has been invested, with Suzuki Motor Corp. contributing 60 percent of the total. The joint venture will enable Suzuki Motor Corp. to benefit from the ASEAN Free Trade Agreement, through the import of vehicles from production bases in Indonesia and the Philippines.
ACCESSION #
10434669

 

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