Cable venture set up

Cable venture set up

JAKARTA (JP): An Australian company, Pacific Dunlop, announced
yesterday that it has established a A$30-million (US$22.27-
million) joint venture with a number of Indonesian partners to
manufacture communication cables at the Balaraja industrial
center in West Java.

Pacific Dunlop said in a statement made available here that
the venture, named PT Olex Indonesia Ltd., will be 60 percent
controlled by Pacific Dunlop and the remaining 40 percent by
Indonesian businessmen who are engaged in the cable industry.

It said that Olex Indonesia, which operates a sales office
here, will soon construct a new plant at the Balaraja center,
some 35 kilometers west of Jakarta.

"We expect the new plant will commence production of metallic
telecommunication cables by 1995," the statement quoted Philip
Brass, Pacific Dunlop's managing director, as saying.

The planned plant is also designed to manufacture optical
fiber cables and medium-voltage power cables. (fhp)