Fiber optic cable plant

JAKARTA (JP): PT Voksel Electric, in conjunction with Showa Electric of Japan, plans to build a US$15 million fiber optic cable manufacturing plant next year, the company announced yesterday.

The new plant, which will be located in Cileungsi, Bogor, West Java, is scheduled to begin production next October.

Voksel Electric's President Ferry Tjandrawinata said his company is expected to reap a net profit of Rp 10 billion (US$4.34 million) this year, approximately Rp 2.5 billion more than the initial target.

Total sales this year are expected to reach Rp 265 billion.

Ferry predicted that next year, Voksel Electric's sales would reach Rp 300 billion.

His sales projection is based on new orders from several companies, including state-owned PT Telkom. (pwn)