TOKYO -- Yamaha will construct new factories in India and Indonesia to capitalize on rising demand in emerging nations, the Japanese musical instrument maker said Wednesday.
In Indonesia, the company will establish a manufacturing subsidiary in March in Bekasi Regency. The roughly 5 billion yen ($44.2 million) plant will turn out electric pianos and other products.
The Indian factory, the first for the company, will be built in the southern state of Tamil Nadu at a cost of approximately 5 billion yen. The facility will produce portable keyboards, acoustic guitars, speakers and other products to be sold at mass-market prices.
That plant's output will be focused domestically for the short term, but Yamaha sees the Indian plant as a future supply center for exports to the Near and Middle East, Africa and other markets.