Piaggio Group, a motorcycle company from Italy, inaugurated its first factory in Indonesia which cost an investment of US$20 million or the equivalent of IDR 313.6 billion (US$ 20,063,280). The Piaggio Group officially operates in November 2022, which further reinforces the Piaggio Group's commitment in the Asia and Indonesia region.
Chief Executive of Product and Global Strategy of Piaggio Group, Michele Colaninno said that the opening of this factory will be an important milestone for Piaggio's existence in various countries, especially the Asian region.
"This is one of the milestones in continuing the Piaggio Group's vision of prioritising customer-centric commitments worldwide and also in Asia," said Colaninno at the inauguration of the Piaggio Group factory, on November 23rd.
In line with Colaninno, executive vice president of two-wheelers Piaggio Asia Pacific, Gianluca Fiume said, this factory will be Piaggio Group's commitment to continue to present premium Italian mobility in Asia.
"Through today's inauguration, we are witnessing a strategic expansion for Asia and a strong commitment to Indonesia. This new plant demonstrates that Piaggio Group is committed to continue to deliver a unique Italian-style premium mobility experience in Asia," he said.
Like all Piaggio Group manufacturing facilities, the new plant complies with Piaggio's global factory standards applied worldwide. In the meantime, this factory started operating by producing Vespa scooters first. For other products from the Piaggio Group, such as Aprilia and Moto Guzzi will be produced in the future.
Meanwhile, the first Piaggio Group factory in Indonesia is located in the Jababeka Industrial Area, a modern eco-industrial area in the country which stands on an area of around 6 hectares. The opening of its first factory in Indonesia is also the third Piaggio Group factory to operate in Asia Pacific after Vinh Phuc in Vietnam and Foshan in China.
Also present at the inauguration were representatives of the Asia Pacific Piaggio Group and Piaggio Indonesia, who warmly welcomed the presence of the Minister of Industry of the Republic of Indonesia Agus Gumiwang Kartasasmita and the Italian Ambassador to Indonesia Benedetto Latteri.