We want to have a stronger presence in Asia and we're working towards having more Audi models in Malaysia   - Euromobil's Ng Tat Huen

    INGRESS Corp Bhd sees high growth potential for its venture in Indonesia as the country is likely to become an export centre for international car-makers in the near future, said vice-chairman Rameli Musa.

    The company, a manufacturer of automotive parts, began its operations in Indonesia in March and Rameli said the venture would only contribute just 2% to its earnings this year.
   
    However, Ingress hopes to see its contribution increase substantially within the next two to three years.

     "We are also trying to secure a deal with Isuzu to supply parts for its operations in Indonesia," he told reporters after the company's AGM in Bangi yesterday.
    
     "We are hopeful that Indonesia would be the centre for exports for most automotive manufacturers and we see a high potential for growth here."

     The company's initial entry into the Indonesian market was rewarded by contracts to supply mouldings to Mitsubishi and sash to Suzuki.

      On the prospects in Indonesia this year, he said, total industry volume for the automotive sector was expected to reach 400,000 units, an increase of 12.7% from 354,789 in 2003.