Ichikoh lights up Indonesia with JV

TOKYO: Japanese components manufacturer, Ichikoh Industries, has signed a joint venture with a local firm, PT Pioneer Trading Co, to produce headlights and mirrors for cars.

PT Ichikoh Indonesia, as the company will be known, will begin construction of a plant next March in Jakarta which is expected to supply headlights for between 240,000 and 250,000, mainly Japanese, vehicles a year by 2000.

The company is capitalized at about US$14 million with 70 percent coming from the Japanese firm and the remaining 30 percent investment from the Indonesian partner.