Maspion, U.S. firm tie up<\/p>\n
JAKARTA (JP): Household appliance producer Maspion Group has
\nestablished a strategic alliance in production and marketing with
\nAmerican-based World Kitchen Inc., a Maspion Group executive said
\non Monday.<\/p>\n
Alim Markus, the president of Maspion Group, said in a
\nstatement that World Kitchen would purchase the cooking
\nappliances produced by Maspion's subsidiary PT Maxim Maspion. The
\nsubsidiary has an annual production capacity of 3.5 million units
\nof cooking appliances.<\/p>\n
He said the group had spent some US$5.5 million to purchase
\none of World Kitchen's five factories in Indonesia, from which
\nMaspion will produce Maxim products.<\/p>\n
\"We bought the factory a year ago through Maxim Maspion,\" Alim
\nsaid during the factory's opening.<\/p>\n
World Kitchen chief executive officer Nat Stoddart said
\nthrough this cooperation Maspion would also wholly produce its
\nRevere cooking appliance, which, according to him, dominates the
\nU.S. cooking appliance market.<\/p>\n
Stoddart said Maspion would also become the sole distributor
\nfor several of World Kitchen's product lines in Indonesia.
\n(bkm\/nur)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/maspion-us-firm-tie-up-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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