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Japanese recruiter Temp Holdings is to expand its operations in Indonesia, citing the growing Indonesian staffing market and increasing demand for Japanese speakers as the reasons behind the move.
In a press release, the company said it will open an additional office in the country to benefit from Indonesia’s fast economic growth and manufacturing projects in the Cikarang region.
In the past, Temp Holdings have largely targeted Japanese companies operating in Indonesia although the staffing firm now hopes that the expansion will help to develop sales to local companies.
Temp Holdings has been on an expansion drive in Asia and aims to become the largest Japanese staffing firm. The firm would have to overtake local market leader Recruit, which is slightly ahead of Temp Holdings in terms of revenue and market share.
Last month, Temp Holdings announced the acquisition of local rival Intelligence Holdings from US investment firm Kohlberg Kravis Roberts (KKR) in a deal worth JPY 68.0 billion (USD 716 million).
According to Staffing Industry Analysts’ research, Temp Holdings (which trades as Tempstaff in Japan) is the second-largest staffing firm in the country with a market share of approximately 5%. Aside from Japan and Indonesia, Temp Holdings operates in China, Hong Kong, Indonesia, Korea, Singapore, Taiwan and the US.