Axis Capital Group, Singapore to invest in Indonesia to boost facility
Axis Capital Group Singapore
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."