Tue, 07 Jul 2009

Five foreign producers of electronic and information technology products plan to invest around $153 million in Indonesia this year, the Industry Ministry said, Asia Pulse reported.

South Korea's Yu Won and Samsung through its local unit PT Samsung Electronic Indonesia, plan to build cellular phone and video recorder factories with a total investment of $110 million.

A number of other foreign companies also plan investment including PT Teco Machinery and Electronic Co from Taiwan which has a $25 million project to build a photocopier plant, Director General of Transport Equipment and Information Technology Budi Darmadi said.