Stadler (Switzerland) has signed a joint venture with rolling stock manufacturer PT INKA (Indonesia). The joint venture will develop and manufacture modern aluminium rolling stock in Banyuwangi (Java). With this move Stadler has managed to take the ‘strategically important step’ into the southeast Asian market.
For Stadler to begin with the technology transfer and with the training of the Indonesian employees, one of the conditions of the contract is an order for 500 S-Bahn cars. The framework agreement includes an option for 500 further cars.
Stadler and PT INKA signed a memorandum of understanding in Banyuwangi in spring. In it, they stated they would establish a joint facility in Indonesia. Following intensive negotiations the two companies have now signed the joint venture contract. The signing parties were Peter Spuhler and Ansgar Brockmeyer (Stadler) and Budi Noviantoro, President Director, PT INKA. The signing, which took place in Bussnang, occurred in the presence of the Indonesian minister for state-owned enterprises Rini M. Soemarno, who travelled to Switzerland especially for this purpose.
This signing is a milestone for Stadler as it marks the company’s arrival on the Asian continent.
In January 2019 PT INKA began building the production site for the order of 500 S-Bahn cars. According to the contract, production is to begin in 2021. In addition to manufacturing car bodies, the factory will also be responsible for the pre- and final assembly as well as the commissioning of the vehicles. Stadler also wants this new location to be its base for its entry into the southeast Asian market.
“Stadler is proud to have signed the joint venture contract with PT INKA today. Following several failed attempts to successfully enter the Asian market from Europe, we realized that this was not possible without a production site on the spot. We therefore decided to look for a suitable local partner, and have finally managed to find one after more than ten years of searching. This has enabled us to make the leap to Asia. We are convinced that in PT INKA, we have found aprofessional partner for this joint venture. The new production site in Indonesia consolidates Stadler’s marketentry in Asia and creates the best possible conditions for achieving growth in the region.”
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