Suzuki Establishes Marketing JV

August 2003
Asia Monitor: South East Asia Monitor Volume 1;Aug2003, Vol. 14 Issue 8, p5
Country Report
Country Report
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.


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