Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Okamura sets up office furniture JV production in Indonesia

Monday 27 April 2015

Okamura Corporation, a Japanese furniture company, has joined hands with local Indonesial furniture maker Chitose Internasional in establishing a joint venture as the first step to set up a production base in Indonesia.
Okamura Chitose Indonesia will market high-end furniture pieces and develop displays for retailers, catering to the demands of the country’s upper middle class, according to Okamura Corporation president director Masayuki Nakamura.
With an initial investment of Rp 60 billion ($4.6 million), Okamura Corporation holds 33 percent of the joint venture and Chitose Internasional the remaining shares.
“We hope to establish a marketing system for office furniture and shopping display [with the joint venture], because Indonesia is a very promising and big market,”Nakamura said, during a public presentation in Jakarta on Monday.
He added that Okamura Corporation is also looking to establish a production unit in Indonesia as its next step, but he declined to elaborate.
“This is a historic moment for Chitose as we’re able to collaborate with Okamura Corporation, which is one of the world’s biggest companies in the furniture industry,” said Chitose International vice president Timotius J. Paulus.
Established in 1945, Okamura Corporation’s sales reached 211.4 billion Japanese Yen ($1.8 billion) last year, up 8.5 percent from 195 billion Japanese yen in the year before, according to data from Bloomberg. The company has 10 affiliated companies outside of Japan, including those in China, Thailand, Singapore and Hong Kong.
Chitose Internasional — which went public in June 2014 — hopes to book up to Rp 30 billion in sales from the joint venture with annual growth projected at between 15 percent and 20 percent. The listed company seeks to boost sales by 10 percent to Rp 311 billion this year with the joint venture and from its factory in Cimahi, West Java.
The Rp 21 billion factory, which is scheduled to begin operations in May, will produce up to 30,000 furniture pieces annually.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Wednesday 10 January 2018 Announcing PANTONE 18-3838 Ultra Violet, PANTONE® Color of the Year 2018.

“A dramatically provocative and thoughtful purple shade, PANTONE 18-3838 Ultra Violet communicates

Tuesday 9 January 2018 Knoll Designs Armless MultiGeneration Light Task ChairKnoll Inc. alleges patented chair design was u

PHILADELPHIA – A furniture company with a place of business in Greenville alleges one of its paten

Sunday 7 January 2018 Herman Miller reports Second Quarter Fiscal 2018 Results – orders at all-time-high

Herman Miller, Inc. (NASDAQ: MLHR) today announced results for its second quarter ended December 2,

Wednesday 3 January 2018 Swindon Furniture Company Hit by Brexit Rescued

A furniture company whose sales went into decline after the vote on Brexit has been sold out of admi

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7688 1928