The $63 billion Toshiba is planning to invest $1 billion in Southeast Asia in the next five years.
Toshiba’s comprehensive strategy is aimed at expanding its business in the region and double its current sales to $7 billion.
In the last 20 years, Toshiba invested roughly $1 billion in Southeast Asia.
Hisao Tanaka, president and CEO of Japan’s Toshiba, speaking at a press meet in Jakarta, detailed the infrastructure technologies and know-how that Toshiba proposes to deploy in Southeast Asia in support of building a better future and securing a secure and comfort society.
Southeast Asia is a manufacturing hub for Toshiba’s major businesses, including semiconductors, hard disk drives and SSD in the Storage business, transmission and distribution equipment and industrial motors, and TVs and home appliances.
The company will start operation of a new infrastructure business in Indonesia, part of a regional network it is putting in place, and is also promoting major initiatives in healthcare.
“We are building a new medical equipment manufacturing plant in Malaysia, alongside the medical equipment sales company we established this June. We recently positioned healthcare as one of our three main pillars of business,” Tanaka said.