Indonesian Political, Business & Finance News

Centrepindo makes motorbikes

| Source: JP

Centrepindo makes motorbikes

JAKARTA (JP): PT Centrepindo Sejahtera has received a license
from the government to jointly produce motorcycles with two
Chinese firms -- Nanchang Aircraft Manufacturing Company and
Jiang-zhou, the Indonesian company's president said.

Centrepindo president Gunadi Santoso said in a press meeting
yesterday that his company would invest about Rp 80 billion
(US$35 million) to build its manufacturing plant in Cirebon, West
Java.

He said the plant would produce about 20,000 750cc and 125cc
motorcycles next year.

"We decided to form a partnership with the Chinese companies
to produce the motorcycles to be named Motra, the acronym of
Motor Rakyat or the people's motorbikes.

The Chinese companies would guarantee the transfer of the
technology to Indonesia, he said, adding that the joint venture
would also be allowed to modify the product in line with the
market condition and trend in the country.

Gunadi said construction of the plant was underway and was
expected to be completed by the end of this year. It is expected
to start operation and production early next year.

The plant will employ 210 local workers and several foreign
experts. (rms)

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