Furukawa to make cable in RI

Furukawa to make cable in RI

TOKYO (Dow Jones): Furukawa Electric Co. said Friday that it
and Indonesia's P.T. Supreme Cable Manufacturing Corp. have
agreed to launch a joint venture in Jakarta to manufacture and
sell optical fiber cable in May, to cope with robust demand in
Southeast Asia.

The new joint venture, P.T. Furukawa Supreme Optical Cable,
will be capitalized at $5.5 million. It will be held 90 percent
by Furukawa and 10 percent by Supreme Cable Manufacturing, known
as Sucaco. Sucaco is the largest cable manufacturing company in
Indonesia, and is 11.8 percent held by Furukawa.

A Furukawa spokesman declined to comment on the new joint
venture's specific sales target and production capacity. The
joint venture will take over Sucaco's optical fiber-making
facilities, he said.