IPTN sets up subsidiary

JAKARTA (JP): State aircraftmaker PT Industri Pesawat Terbang Nusantara (IPTN) announced yesterday it had established a subsidiary to handle its turbine and propeller business.

IPTN president Eddi Susilo said the company would focus on producing turbines and propellers to supply the country's aviation industry and other related businesses.

The company's establishment is expected to encourage the establishment of supporting firms, Eddi said.

"The turbine and propeller business in Indonesia is very promising, given the rapid growth of industry and transportation facilities in the country."

He added that the company would cooperate with local and foreign institutions to boost its development. (43/gis)