A groundbreaking ceremony took place on 1 August for the joint venture tyre plant that Indonesian tyre maker PT Gajah Tunggal is setting up with Inoue Rubber Co., Ltd., a subsidiary of Japan’s Inoac Corporation. The joint venture, known as IGM, is located in Tangerang, Indonesia and will manufacture motorcycle tyres sold under the IRC Tire brand name.
Gajah Tunggal Tbk has a new chief executive. Shareholders in the Indonesia Stock Exchange-listed company have chosen former chief operating officer Budhi Santoso Tanasaleh for the role of president director; he succeeds Christopher Chan, who has been appointed president commissioner of Gajah Tunggal.
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