Piaggio will invest Rp 1.85 trillion in stages and will be issued starting this year until the year 2015. Figures for 150 million Euros (Rp 1.85 trillion), it was still outside investment worth 30 million Euros or approximately USD 371.4 billion in ensuring that they have to build a factory in Vietnam. 

 The Italian motorcycle manufacturer preferred share investment funds into Vietnam and India. 60 million euros to Vietnam and 90 million for India. 

Proceeds will be used to develop their factories in Vietnam. The factory, which opened in June 2009 will be developed into 538 thousand square feet of previously only 280 thousand square feet. 

With this expansion, Piaggio hopes will be able to increase their production at this plant from 100 thousand to 300 thousand scooters scooter. 

Piaggio plans to make a scooter engine production plant that is separate from the existing plant. 

Piaggio step is fairly ambitious in Vietnam is very possible. For Piaggio is currently enjoying honeymoon in Vietnam. Their annual net sales in 2010 reached 133.2 million euros, or nearly three times as much of their sales in 2008 of only 45.2 million euros. 

"Thanks to the extraordinary success of our initial investment in Vietnam, today we are moving into the second phase of our growth strategy," said CEO of Piaggio Group, Roberto Colaninno .. 

Besides Vietnam, Piaggio has also been since some time ago expressed readiness to return to Indonesia. An Indonesian company called PT Piaggio was founded to be a Piaggio motor car manufacturers in Indonesia. 

By investing and planning before, Piggio are now hoping to be able to reach sales of 1 billion Euro in 2014.

source : detik.com

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