June 15, 2013 / 5:33 AM / 5 years ago

Mitsubishi Motors eyes new Indonesian plant

TOKYO (Reuters) - Mitsubishi Motors Corp (7211.T) is considering boosting output capacity in Indonesia and possibly building a new plant there to capitalize on brisk demand in emerging Asian economies.

A Mitsubishi Motors logo is seen on display at the New York International Auto Show in New York City, April 20, 2011. REUTERS/Jessica Rinaldi

“It is true that we are considering strengthening our operations in Indonesia, but nothing has been decided as of now,” a company spokesman said on Saturday.

A Nikkei business daily report said the automaker, along with trader Mitsubishi Corp (8058.T) and local partners, plans to build a new Indonesia plant by around March 2017, with investment totaling at about 40 billion yen ($422.90 million).

The spokesman said Mitsubishi, the maker of Triton pickups, the Outlander Sport SUV and i-MiEV electric car, aims to post a net profit of 100 billion yen ($1.06 billion) by the year ending March 2017.

If it were to build a new plant, that would have an annual production capacity of 100,000 vehicles, he added.

For the current business year to March 2014, Japan’s 7th-largest carmaker expects a net profit of 50 billion yen. ($1 = 94.5850 Japanese yen)

Reporting Yoko Kubota, writing by Kiyoshi Takenaka; Editing by Michael Perry

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