Demand for TV receivers to rise
Demand for TV receivers to rise
BEKASI, West Java (JP): Demand for television receivers will
increase to 2.5 million units in 1998, 38.8 percent higher than
the demand in 1995, a Toshiba executive said yesterday.
"Our new factories have therefore been established to tap the
growing market," said Fumio Sato, president of Toshiba Corp. of
Japan, at the inauguration of three Toshiba joint-venture plants.
Minister of Industry and Trade Tunky Ariwibowo yesterday
simultaneously inaugurated PT Tosummit Electronic Devices
Indonesia, PT Toshiba Consumer Products Indonesia and PT Toshiba
Metal Parts Indonesia.
Tosummit Electronic produces 14 and 20-inch color-picture
tubes and has an annual capacity of 2.3 million tubes for Toshiba
Consumer Products' TV sets. Toshiba Metal Parts manufactures
metal components such as flames, inner-shields and holders for
Tosummit Electronic's tubes, Sato said.
He said Toshiba Consumer Products was designed with an annual
production capacity of one million sets.
Tosummit Electronic's president Hirofumi Kakiuchi said that
once his plant begins operating at full capacity in 1998,
Indonesia will be able to save US$100 million which otherwise
would have been spent on imported picture tubes.
Tunky said the new facilities would strengthen the structure
of the electronics industry by reducing the reliance of local
companies on imported electronic components.
"The total investment of the three plants is estimated at
$146.89 million, of which Tosummit Electronic, as the biggest
project, accounted for $100 million," Sato added.
The Toshiba television-tube plant is the second such facility
in the country.
The first television-tube factory was PT Lucky-Goldstar
Electronics Display Devices Indonesia, a fully-owned subsidiary
of Lucky-Goldstar Group of South Korea, which was opened in June
by President Soeharto at Cibitung, West Java.
With an initial investment of $250 million, PT Lucky-Goldstar
is producing several varieties of television components such as
video cassette recorders, computer monitors and depletion yokes.
Tosummit Electronic, founded in 1995, is a joint venture which
is 35 percent owned by PT Tabung Gambar Indonesia, 28 percent by
Toshiba Corporation and 22 percent by Sumitomo Corporation.
Toshiba Metal Parts, founded in 1995, is a joint venture
between Toshiba Metal Parts Corporation, which owns 81 percent of
the equity, and Sumitomo Corp., with 19 percent.
Toshiba Consumer Products, set up early this year 1996, is a
joint venture between Toshiba Singapore Pte. Ltd, which holds two
thirds of the total shares, and Toshiba Corporation with the
remaining one third. (06)