Goldstar to establish cathode ray tube factory in Bekasi
Goldstar to establish cathode ray tube factory in Bekasi
JAKARTA (JP): Goldstar Co. Ltd. of South Korea, in cooperation
with PT Astra International, will start to construct a cathode
ray tube (CRT) plant in Bekasi, West Java, with an investment of
US$165 million in December.
"The CRT plant, which is the first in Indonesia, will have an
annual production capacity of 2.1 million pieces of color picture
tubes for television and 0.8 million pieces of color display
tubes for computer monitors," Goldstar's director for the Asian
region, Henn H. Suh, told reporters yesterday.
He said that Goldstar plans to gradually expand its CRT
production capacity to some 10 million pieces per annum with a
total investment of around $825 million in Indonesia.
Astra will most likely hold a 10-percent stake in the new
plant, he said, adding that Goldstar will welcome any efforts by
Astra's to increase its stake.
"We plan to export 70 percent of our production to our own
color television factories in Malaysia, the Philippines,
Thailand, India, Vietnam, South Korea and Mexico, as well as to
other customers in ASEAN countries," he said, adding that the
planned exports are expected to help the country gain $100
million in foreign exchange per annum.
"The remaining 30 percent of our production will be supplied
to various color television and computer producers in Indonesia,"
he said.
According to Suh, the planned factory will be Goldstar's first
CRT plant outside Seoul. "In Korea, Goldstar has a total capacity
of 10 million of CRT pieces per year," he said.
He said the Bekasi plant is scheduled to start production in
June 1996.
In addition to CRT products, the factory will also produce
thin film transistors and plasma display panels.
Goldstar, in cooperation with Astra under a joint venture PT
Goldstar-Astra, currently produces refrigerators, television
sets, washing machines and air conditioners.
Another Goldstar affiliate, PT Sinar Lucky Plastic Ind.,
produces chemicals. (fhp)