Tuesday, June 06, 2006Korindo to produce wind mill tower
Sport shoes manufacturer PT Kostra Mas Jaya, a joint venture between Panwell Industrial Ltd (BVI) and PT Garuda Indawa, is expanding its business to produce wind mill tower with investment up to US$20 million. What a leap!
Kostra Mas--a member of Korindo (South Korea-Indonesia) Group---is known as contract manufacturer for famous sports shoes brands like Nike, Adidas, Puma and its own brand Eagle.
Late last year, Kostra Mas received approval from Investment Coordinating Board to enter the wind mill tower business. The plant is located in Cilegon, Banten province with estimated investment of US$20 million and open new jobs for 262 people. The plant will produce 300 units of wind mill tower per year.