Stadler has entered the Asian market with the PT Inka joint venture. Credit: Kholodnitskiy Maksim

Swiss rolling stock manufacturer Stadler has signed an agreement with PT Inka to form a joint venture (JV) for the development and manufacture of rolling stock at the Banyuwangi facility in east Java.

Stadler will transfer technology and provide training to local staff following the order of 500 suburban rail coaches, with an option for 500 more.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Stadler noted that the JV marked a ‘strategically important leap’, which would offer the company a base from which it could gain access to the wider Southeast Asian market.

In January, PT INKA started building the production facility in Banyuwangi. It is expected to start production in 2021.

Works such as manufacturing, pre-assembly, final assembly and commissioning of the rolling stock will be carried out at the new facility.

Stadler Board of Directors chairman Peter Spuhler said: “Stadler is proud to have signed the joint venture contract with PT Inka today. Following several failed attempts to successfully enter the Asian market from Europe, we realised that this was not possible without a production site on the spot.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We, therefore, decided to look for a suitable local partner, and have finally managed to find one after more than ten years of searching. This has enabled us to make the leap to Asia.

“We are convinced that in PT INKA, we have found a professional partner for this joint venture. The new production site in Indonesia consolidates Stadler’s market entry in Asia and creates the best possible conditions for achieving growth in the region.”

Last week, Stadler received a €27m contract from Norway’s Bybanen Bergen to supply six additional Variobahn trams.

Earlier this month, it won a contract to deliver up to 50 Tramlink trains to Swiss public transport operator Bernmobil.