Industry in Indonesia
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CHINA, 2015/07/27
A new joint venture company owned by Chinese and Indonesian investors is ready to produce Chinese-brand cars in Indonesia as the country’s request for vehicles continues to grow, an executive has said.
The any minute at this time-to-be-named company was established by Indonesian investor Sokonindo Automobile and Chinese vehicle manufacturer DFSK, a joint venture between China-based firms Dongfeng Motor Group and Chongqing Sokon Motor Group.
Under Sokonindo’s supervision, the company will finalize the commissioning of its US$150 million assembly plant in Tangerang, Banten, in November before launching its trial production of Chinese-brand Sokon cars, according to commissioner Alexander Barus.
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INDONESIA, 2013/05/07
Italian industrial firms expect to tap into Indonesia’s robust economic increase by strengthening their presence in the country through investment , a visiting industry group says.
Giorgio Squinzi, the president of Italian Industry Association, Confindustria, said on Monday in Jakarta that Indonesia was one of the majority interesting nations in the Southeast Asian region as it continued strong economic expansion amid protracted slowdown in the world economy.
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INDONESIA, 2012/12/22
In an attempt to meet the country's expected industrial increase by the end of 2013, Indonesia's Industry Ministry has recommended that labor-intensive firms, including textile, garment and shoe manufacturers, be exempted from adopting a new minimum wage in the new year.
Industry Minister MS Hidayat said on Monday that his office was “upbeat” about the country's nonoil and gas industry growing to between 6.8 % to 7.1 % next year, despite the challenges of poor infrastructure and the high cost of investment.
However, he said the estimated increase may not be realized if labor-intensive companies, which employed tens of thousands of workers, remained under the new minimum wage between 30 and 40 % to around 2.2 million rupiah (US$228) next year.
