Tan Chong Subaru Automotive (Thailand)

Fuji Heavy Industries Ltd. (FHI), the manufacturer of Subaru automobiles, today announced its plan to enter into a basic agreement on establishing a joint venture in February 2017 with TC Manufacturing and Assembly (Thailand) Co., Ltd. (TCMA TH), a subsidiary of Tan Chong International Limited, to start production of Subaru vehicles in Thailand.* Currently, Subaru vehicle production in Southeast Asia is conducted at a CKD (completely knocked down) assembly plant of the Tan Chong Motor Assemblies Sdn. Bhd. in Malaysia, which builds the Subaru XV and the Forester.* With a view to enhancing Subarus competitiveness and further growth in Southeast Asia, FHI has decided to start production in Thailand by a new and soon to be established joint venture company, Tan Chong Subaru Automotive (Thailand) Co., Ltd., 74.9% of which will be owned by TCMA TH and 25.1% by FHI. The new joint venture aims to begin production in 2019. Production in Malaysia will continue, and Tan Chong International wi...