Aiwa exports RI products

Aiwa exports RI products

SINGAPORE (Reuters): Japanese audio equipment maker Aiwa Co
Ltd. said yesterday it plans to export almost all the production
from its PT Aiwa Dharmala joint venture in Indonesia.

Aiwa chairman Kenji Tamiya told a news conference the company
had initially targetted both the Indonesian market and exports,
but said the country's economic crisis now meant there was little
scope in the domestic market.

Tamiya said the joint venture was looking at Europe, United
States and Asia as export markets.

PT Aiwa Dharmala, 60 percent owned by Aiwa Singapore and 40
percent by PT Aster Dharma Industry, produces various audio and
visual products.