{
    "success": true,
    "data": {
        "id": 1186454,
        "msgid": "sumitomo-to-make-tires-1447893297",
        "date": "1995-09-15 00:00:00",
        "title": "Sumitomo to make tires",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Sumitomo to make tires TOKYO (AFP): Japan's Sumitomo Rubber Industries Ltd. said yesterday it had established a joint venture with an Indonesian firm and two other Japanese companies to make and market tires and golf balls in Indonesia. Sumitomo Rubber will take a 55 percent stake in the venture -- PT Sumi Rubber Indonesia, capitalized at US$20 million -- while PT Indomobil Investment Corp. of Indonesia will take 30 percent, the major automobile tire manufacturer, said.",
        "content": "<p>Sumitomo to make tires<\/p>\n<p>TOKYO (AFP): Japan's Sumitomo Rubber Industries Ltd. said<br>\nyesterday it had established a joint venture with an Indonesian<br>\nfirm and two other Japanese companies to make and market tires<br>\nand golf balls in Indonesia.<\/p>\n<p>Sumitomo Rubber will take a 55 percent stake in the venture --<br>\nPT Sumi Rubber Indonesia, capitalized at US$20 million --  while<br>\nPT Indomobil Investment Corp. of Indonesia will take 30 percent,<br>\nthe major automobile tire manufacturer, said.<\/p>\n<p>Sumitomo Electric Industries Ltd., Japan's largest maker of<br>\nthe electric wires and cables, will take a 10 percent stake with<br>\nSumitomo Corp., a major Japanese trading house, holding the<br>\nremaining five percent.<\/p>\n<p>Construction of the new plant will start in November with<br>\ncompletion by April 1997. Tire production will start immediately<br>\nafter the completion, while golf ball production will start later<br>\nthat year.<\/p>\n<p>The plant will have capacity to make 5,000 tires and 8,000<br>\ndozen golf balls daily, it said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sumitomo-to-make-tires-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}