Monday, 08 September, 2008 | 18:07 WIB
TEMPO Interactive, Jakarta:Responding to investors’ demand in the industrial sector, PT Intiland Development will allocate US$ 2 million to develop the second stage of Ngoro Industrial Park on a 240-hectare land in Mojokerto, East Java.
“Most of the investors come from Taiwan, Korea and China,” Intiland’s associate secretary, Theresia Rustandi said in Jakarta last week. The budget will be allocated from Ngoro Industrial Park’s operating cash flow.
According to plans, Intiland will develop the industrial park in several stages. During the first stage, which will begin end of this year, the company will use only 100 hectares, Ngoro Industrial Park’s manager, Wihardo Hosen said.
According to him, Intiland has been developing the area since 1992 and has built an industrial area on a 220-hectare land. The first stage was a result of collaboration with RSEA Taiwan. When the second stage is completed, the company will have used a total of 460 hectares of land.
Wihardi said the industrial park is designed complete with its supporting infrastructure and facilities. The local community’s energy supply comes from a natural gas source. There are currently 60 operating manufacturers from the United Kingdom, the Netherlands, Indonesia, Japan, South Korea, Switzerland, Singapore and Taiwan.