American giant to expand business in Indonesia

American giant to expand business in Indonesia

JAKARTA (JP): General Electric of the United States plans to
expand its business in Indonesia after establishing several joint
venture companies in the country.

The president of General Electric Teknologi Indonesia (GETI),
John L. Oliver, said yesterday that in addition to the planned
establishment of a railway locomotive manufacturing plant in
Madiun, East Java, General Electric will also enter aerospace and
information technology businesses.

GETI is one of General Electric's subsidiaries in Indonesia.
The other is General Electric Indonesia.

He refused to give further details about the planned
expansion.

The planned railway locomotives manufacturing plant will be 35
percent owned by the state-owned railway equipment manufacturer
PT Inka, while GETI and General Electric will own 32.5 percent
each, he said.

President of General Electric Indonesia, Stuart L. Dean, said
that General Electric completed in June the acquisition of a 35
percent stake in PT General Electric Angkasa Lighting, a lamp
manufacturer in Surabaya, East Java.

General Electric Angkasa, set up with an investment of US$20
million in June 1994, was previously 65 percent owned by General
Electric and 35 percent by Sinar Angkasa Rungkut. (icn)