IHS Automotive Regional Report Supplierbusiness ASEAN Automotive Supplier Report

IHS Automotive Regional Report SupplierBusiness ASEAN Automotive Supplier Report

2013 Edition supplierbusiness.com IHS Automotive SupplierBusiness | ASEAN Automotive Suppliers Report

Contents ASEAN automotive & supplier market overview...... 7 Indonesia – Automotive Industry Overview...... 17 Overview of Macro Economic Situation...... 17 Planned Investment in Infrastructure Development Projects...... 18 National Automotive Policy & Plans...... 19 Manufacturing Advantage...... 22 Overview of Automotive Industry & Supply Chain...... 23 Overview of Vehicle Component Suppliers...... 29 List of Joint-Ventures and Mergers & Acquisitions in 2012/2013...... 30 OEM Supplier Relationship...... 31 Who Supplies Whom...... 32 Opportunities, Challenges & Future Outlook...... 33 Malaysia – Automotive Industry Overview...... 35 Overview of Macro Economic Situation...... 35 Planned Investment in Infrastructure Development Projects...... 36 National Automotive Policy & Plans...... 37 Manufacturing Advantage...... 40 Overview of Automotive Industry & Supply Chain...... 41 Overview of Vehicle Component Suppliers...... 46 List of Joint-Ventures and Mergers & Acquisitions 2012/2013...... 47 OEM Supplier Relationship...... 48 Who Supplies Whom...... 49 Philippines – Automotive Industry Overview...... 52 Overview of Macro Economic Situation...... 52 Planned Investment in Infrastructure Development Projects...... 53 National Automotive Policy & Plans...... 54 Manufacturing Advantage...... 57 Overview of Automotive Industry & Supply Chain...... 58 Overview of Vehicle Component Industry...... 63 List of Joint-ventures and Mergers and Acquisitions in 2012/2013...... 64 OEM Supplier Relationships...... 64 Who Supplies Whom...... 65 Opportunities, Challenges & Future Outlook...... 66 Thailand – Automotive Industry Overview...... 68 Overview of Macro Economic Situation...... 68 Planned Investment in Infrastructure Development Projects...... 69 National Automotive Policy & Plans...... 70 Manufacturing Advantage...... 73 Overview of Automotive Industry & Supply Chain...... 74 Overview of Vehicle Component Industry...... 81 List of Joint-Ventures and Mergers and Acquisitions 2012/2013...... 82 OEM Supplier Relationship...... 82 Who Supplies Whom...... 85 Opportunities, Challenges & Future Outlook...... 86

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Vietnam – Automotive Industry Overview...... 88 Overview of Macro Economic Situation...... 88 Planned Investment in Infrastructure Development Projects...... 90 National Automotive Policy & Plans...... 91 Manufacturing Advantage...... 93 Overview of Automotive Industry & Supply Chain...... 94 Overview of Vehicle Component Industry...... 100 List of Joint-Ventures and Mergers & Acquisitions in 2012/2013...... 101 OEM Supplier Relationship...... 101 Who Supplies Whom...... 104 Opportunities & Future Outlook...... 104 Supplier Profiles...... 106 AAPICO Hitech...... 106 Ace Polymers Industries...... 110 AGC Automotive...... 112 Aisin AI Thailand...... 114 Akebono Brake Astra Indonesia...... 116 Ampas Industries...... 118 APM Automotive Holdings...... 120 Astra Otoparts...... 124 Asian Transmission Corporation...... 128 Automotive Air-conditioning Technology Philippines...... 130 Autoliv...... 132 Azman Hamzah Plastik...... 134 Bosch Automotive Thailand...... 136 Bridgestone Tire Indonesia...... 138 Bridgestone...... 140 Continental Automotive...... 141 Continental Tire Malaysia...... 143 Delloyd Ventures...... 145 Denso Indonesia...... 149 Denso Manufacturing Vietnam...... 151 Denso Thailand...... 153 EP Manufacturing...... 156 Exedy Thailand...... 159 F.tech Philippines...... 161 Fujitsu Ten...... 163 Gajah Tunggal...... 165 GKN Driveline...... 168 Goodyear Indonesia...... 170 Goodyear Malaysia...... 172 Goodyear Philippines...... 174 Goodyear Thailand...... 176 Hirotako Holdings...... 178 Hirotako Holdings...... 181 Indospring...... 184 Ingress Corporation...... 187 Inoue Rubber Thailand...... 191 Kumho Tire...... 194 Malaysian Automotive Lighting...... 195 MCIS Safety Glass...... 196 Michelin Siam Group...... 197 Multi-Code Electronics Industries...... 199 Multistrada Arah Sarana...... 202

NHK Spring...... 205 Nipress...... 207 NSK Bearings...... 209 Oriental Holdings...... 211 Panasonic Automotive Systems...... 214 Permintex Furukawa Autoparts...... 216 Philippine Auto Components...... 218 PHN Industry...... 220 Robert Bosch...... 223 Robert Bosch Vietnam...... 225 Roberts Automotive & Industrial Parts Manufacturing...... 227 Sanichi Technology...... 229 Sapura Industrial...... 231 Selamat Sempurna...... 234 Siam Aisin...... 238 Somboon Advance Technology...... 241 Sumitomo Electric Wiring Systems...... 245 Sumitomo Wiring Systems...... 247 Sunchirin Industries...... 249 Takata-TOA...... 252 Thai Bridgestone...... 254 Thai Rung Union Car...... 257 Thai Stanley Electric...... 260 Thai Steel Cable...... 264 Thai Summit Group...... 267 Toyota Autoparts Philippines...... 271 Tracoma Holdings...... 273 Valeo Siam Thermal Systems...... 276 Wisdom Autoparts...... 278 Yarnapund...... 280 Yazaki-Torres Manufacturing...... 283 Yokohama Tire Philippines...... 285 Yokohama Tire...... 287 Yuasa Thailand...... 289 Figures Figure 1: Passenger Car Sales in 5 ASEAN Countries (units)...... 8 Figure 2: GDP growth rates for ASEAN member countries...... 8 Figure 3: Vehicle Production (units) & Export (%) for Indonesia and Thailand ...... 10 Figure 4: ASEAN Vehicle Production Market Share (2012)...... 11 Figure 5: ASEAN Passenger Car & Light Vehicle Production Forecast...... 13 Figure 6: Indonesia GDP Growth (%)...... 17 Figure 7: Indonesia Vehicle Production by Type (2012)...... 23 Figure 8: Indonesia Market Share by Carmakers (Vehicle Sales, 2012)...... 23 Figure 9: Indonesia Total Vehicle Production (units)...... 25 Figure 10: Indonesia Vehicle Production by Type (2012)...... 26 Figure 11: Indonesia’s Automotive Exports/Imports...... 26 Figure 12: Indonesian Rupiah vs. US Dollar Exchange Rate...... 27 Figure 13: Thailand Passenger Car & Light Vehicle Production Forecast - Top 6 Carmakers...... 34 Figure 14: Thailand Passenger Car & Light Vehicle Production Forecast - Other Carmakers...... 34 Figure 15: Malaysia GDP Growth (%)...... 35 Figure 16: Malaysia Passenger Vehicle Sales by Type (January-June 2012)...... 41

Figure 17: Malaysia Market Share by Sales (2012)...... 42 Figure 18: Malaysian Automotive Production (units)...... 43 Figure 19: Malaysia Leading Export Destinations (2012)...... 44 Figure 20: Malaysian Passenger Car Sales (units)...... 45 Figure 21: Malaysia Passenger Car & Light Vehicle Production Forecast (units)...... 51 Figure 22: Philippines GDP Growth (%)...... 52 Figure 23: Percentage of Imported CBU Sales in the Philippines (of total vehicle sales)...... 55 Figure 24: Net Foreign Direct Investments into the Philippines (2012)...... 58 Figure 25: Philippine Passenger Vehicle Market Share by Sales (2012)...... 59 Figure 26: Vehicles Sales in the Philippines...... 60 Figure 27: Philippine Vehicle Market Share by Sales (2012)...... 60 Figure 28: Philippine Exports by Destinations (2012)...... 61 Figure 29: Philippines Passenger Car & Light Vehicle Production Forecast (units)...... 66 Figure 30: Thailand Deaths by Road User Categories (2007)...... 72 Figure 31: Thai Market Share by Vehicles Sold (2012)...... 75 Figure 32: Thai Vehicle Production by Type (Jan-Dec 2012)...... 75 Figure 33: Thai Automotive Industry Overview (units)...... 76 Figure 34: Thai Automotive Parts Exports (2012)...... 77 Figure 35: Thai Vehicle Exports by Destination (2012)...... 77 Figure 36: US Dollar vs. Japanese Yen Average Annual Exchange Rate...... 78 Figure 37: Thai Vehicle Production by Brand (Jan-Dec 2012)...... 79 Figure 38: Map of Automotive Clusters in Thailand...... 84 Figure 39: Thailand Passenger Car & Light Vehicle Production Forecast (units)...... 86 Figure 40: Vietnam GDP Growth (%)...... 88 Figure 41: Vietnam Inflation (GDP Inflator)...... 89 Figure 42: FDI into Vietnam by Number of Project Licences (2011)...... 89 Figure 43: Vietnam CBU Import Volumes (units)...... 95 Figure 44: Vietnam CBU Imports by Country (2012)...... 96 Figure 45: Vehicle Sales by Type (2012)...... 96 Figure 46: Vehicle Sales in Vietnam (units)...... 97 Figure 47: Top 10 Models by sale in Vietnam (2012)...... 97 Figure 48: Vietnam Vehicle Production (units)...... 98 Figure 49: Vietnam Export Destinations (2012)...... 98 Figure 50: Carmakers and Assemblers in Vietnam...... 103 Figure 51: Vietnam Passenger Car & Light Vehicle Production Forecast (units)...... 105 Tables Table 1: Vehicle Ownership Comparison & Population...... 9 Table 2: Top Three Carmakers for each ASEAN Market by Vehicle Sales in 2012...... 11 Table 3: New Investments by Carmakers in ASEAN region...... 12 Table 4: Overview of Vehicle Safety Regulations & Statistics...... 14 Table 5: Automotive Excise Tax Schedule...... 20 Table 6: Comparative Wages (31 January 2013)...... 22 Table 7: Astra Group and Indomobil Group Assembly Companies...... 24 Table 8: Passenger Car & Light Vehicle Assemblers in Indonesia...... 28 Table 9: Planned New Car Models in Indonesia...... 29 Table 10: Automotive Clusters by Geography...... 32 Table 11: Automotive Import Duties...... 38 Table 12: Ownership Cost Comparison for Honda City...... 38 Table 13: Automotive Excise Tax Schedule (for CBU and CKD)...... 39 Table 14: Comparative Wages (31 January 2013)...... 40 Table 15: OEMs’ and Assemblers’ Plants in Malaysia...... 45

Table 16: Planned New Car Models in Malaysia...... 46 Table 17: Local Content Requirements...... 48 Table 18: Automotive Clusters by Area...... 49 Table 19: BOI Incentives for CBU Exports under AEP...... 55 Table 20: Automotive Excise Tax Schedule...... 56 Table 21: Comparative Wages (31 January 2013)...... 57 Table 22: Major OEMs and Assembler Plants in the Philippines...... 62 Table 23: Planned New Car Models in the Philippines...... 63 Table 24: Automotive Clusters in the Philippines...... 64 Table 25: CBU Automotive Import Duties...... 71 Table 26: Automotive Excise Tax Schedule...... 71 Table 27: BOI Incentives by Regional Zones...... 73 Table 28: Comparative Wages (31 January 2013)...... 74 Table 29: Top 5 Carmakers in Thailand - Production Capacity 2012 & Planned Increase 2013/2014...... 74 Table 30: OEMs and Assembler Plants in Thailand...... 78 Table 31: Carmaker’s Participation in the Eco-car Project...... 80 Table 32: Planned New Car Models in Thailand...... 80 Table 33: Leading Thai Automotive Suppliers and International Joint-venture Partners...... 83 Table 34: Automotive Clusters in Thailand...... 84 Table 35: Automotive Import Duties (2012)...... 92 Table 36: Automotive Excise Tax & VAT Schedule...... 92 Table 37: Comparative Wages (31 January 2013)...... 94 Table 38: VAMA member companies...... 94 Table 39: OEMs and Assembler Plants in Vietnam...... 99 Table 40: Planned New Car Models in Vietnam...... 100