Nissan to invest $313 mln in expanding Indonesia factory

Nissan Motor Co , Japan's No.2 carmaker, plans to invest around $313 million to expand its existing factory in Indonesia to increase output, said Takayuki Kimura, Nissan's Indonesian chief, on Monday.

Kimura said the firm plans to more than triple its output by 2013.

This is a larger expansion than it planned last year, when Nissan said it aimed to double its car production and market share in Indonesia by 2013.

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