# APM Automotive and Hyundai Transys form joint venture in Indonesia

PT APM Automotive Indonesia entered into a joint venture with Hyundai Transys Inc. to manufacture and supply automobile seats and related parts to PT Hyundai Motor Manufacturing Indonesia, with APM acquiring 50% of PT Hyundai Transys Indonesia for $500,000.

- Type: Partnership
- Announced: 2020-06-26
- Where: Cikarang, Indonesia, Indonesia
- Value: $500K
- Status: announced
- Products: automobile seats and related parts and components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [APM Automotive Holdings Berhad](https://endata.com/companies/48133.md)
- [Hyundai Transys](https://endata.com/companies/39515.md) (partner)
- [PT Hyundai Motor Manufacturing Indonesia](https://endata.com/companies/48134.md) (customer)

## Sources

- [apm.listedcompany.com](https://apm.listedcompany.com/news.html/id/785717), 2020-06-26: "The Proposed Joint Venture arose out of PTHMMI’s initiative that TRANSYS and PTAAI enter into a joint venture to support the PTHMMI’s operations in Indonesia..."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.