Autoliv Opens Seat Belt Plant in Indonesia
Autoliv (NYSE: ALV) – the global leader in automotive safety systems
– has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia.
The new plant will enable the Company to grow its sales in Indonesia
from $12 million last year to $25 million by 2015 in already booked
business and to $50 million when the plant will be fully utilized.
The plant will replace the Company's existing Indonesian plant and serve
Toyota, Daihatsu and Nissan, Autoliv's main customers in Indonesia.
The new plant has a floor space of nearly 2,500 square meters (sqm) on a