SYM's Indonesia PTW Plant to Kick Off Production in June

Taipei, April 19, 2006 (CENS)--Sanyang Industry Co., Ltd. (SYM brand), a major powered two-wheeler (PTW) maker in Taiwan, is scheduled to kick off operation of its new PTW plant in Indonesia in June, and the firm will then complete its global PTW-manufacturing deployment.

SYM has projected its annual production volume at 1.5 million units for 2006, which will mainly be turned out at the firm's facilities in Taiwan and Vietnam (operated by the company's subsidiary Vietnam Manufacturing and Export Processing Co. Ltd., or VMEP.)

SYM also claimed that VMEP has won permission from the Vietnamese government for manufacturing 1, 300cc mini commercial vehicles, making the subsidiary the first and only automaker with 100% foreign stake.

SYM president Huang Kuang-wu said that VMEP has bought a land in suburban Ho Chi Minh City and set up an auto-manufacturing plant. The first auto product is expected to be launched in Vietnam next year.

According to Huang, Indonesia is the world's No. 3 PTW market trailing only mainland China and India. SYM will take the zero-tariff advantage of VMEP, located in the ASEAN Free Trade Area (AFTA), to export PTW parts for assembly in Indonesia.

SYM's Global PTW Deployment
Location	Local Deployment	Local Market Scale
Mainland China	Runs the 100%-own subsidiary Xiashing Motorcycle Co., Ltd.	Over 10 M.
India	Owns a 11.1% stake in Kinetic Motor	6 M. - 7 M.
Indonesia	Runs the 100% subsidiary Sanyang Industri Indonesia	4 M. - 5 M.
Vietnam	Runs the 100% subsidiary VMEP	About 1.5 M.
Taiwan	A PTW plant in Hsinchu	About 0.7 M.
Source: SYM.