PT MetalArt Astra Indonesia announced that it has received IDR 217 billion in funding from PT Astra Otoparts Tbk

PT Astra Otoparts Tbk is an Indonesia-based automotive parts manufacturing and distributing company. The Company’s business focuses on the production and distribution process of various spare parts for two-wheeled and four-wheeled motorized vehicles in the original equipment manufacturer (OEM) and the replacement market (REM) markets. Its segments include Trading and Automotive component manufacturing. Its manufacturing segment produces components and assemblies, which are distributed directly to both the automotive manufacturer market and replacement parts market both in the country and overseas through its trading business unit. Its flagship products include GS Astra, Aspira Premio, and Shell Advance. The Company also developed a new service, namely Astra Otoservice, as a means of periodic maintenance specifically for four-wheeled vehicles for consumers. It operates over eight Super Shop&Drive outlets, 371 Shop&Drive outlets, 37 Shop&Bike outlets and 165 Motoquick outlets.