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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Isuzu says it won’t move its Thailand factory to Indonesia.

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The logo of Isuzu is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland... The logo of Isuzu is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann
The logo of Isuzu is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland... The logo of Isuzu is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann

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On Thursday, Japanese truck maker Isuzu Motors (7202.T) denied plans to move a facility from Thailand to Indonesia, a day after the Indonesian industry minister announced it would.

“While our company continues to focus on Indonesia as a major market, there are no plans to relocate a Thai factory to Indonesia,” an Isuzu representative stated.

The spokesman said the corporation hadn’t commented.
On Wednesday, Indonesian Industry Minister Agus Gumiwang Kartasasmita said Isuzu would transfer the factory and begin production next year.

Isuzu, manufacturing in Karawang, Indonesia, denied the request on Thursday. A ministry official did not immediately react.

After the Indonesian industry minister’s comment, Thai auto parts businesses’ shares fell on Thursday.

Thailand started making Isuzu trucks 60 years ago.

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