Aiwa exports RI products

Sat, 18 Apr 1998 | Source: REUTERS

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.

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