Italian entrepreneurs to visit

Italian entrepreneurs to visit

JAKARTA (JP): The Italian Association of Manufacturers of Machinery, Installations, Furnaces and Products for Founderies (Amafond) under the coordination of the Italian Trade Commission here is scheduled to visit Indonesia on March 17 and 18.

The Italian Trade Commission issued here on Friday said that the first visit of Amafond delegation to Indonesia is mainly aimed at exploring possible cooperation and business opportunities with their Indonesian partners engaged in steel, automotive and other heavy industries, Antara reported.

The delegation will consist of eight representatives of Italian companies engaged in producing die casting, automatic gravity die casting, foundry automation, material handling, molding system, furnaces, gas welding and cutting equipment for iron and steel making and foundry and plastic.

It further said that the sending of the delegation is based on the fact that Indonesia's demand of foundry products has been steadily increasing from year to year, which in 1994 was valued at more than US$1.14 billion and the figure rose again to more than $1.5 billion the following year.

According to the Trade Commission, the increasing demand of the foundry products is inseparable from the current blooming of automotive industry in Indonesia.

While here, members of the delegation are scheduled to have meetings with executives of the Indonesian Association of Metal and Machinery Manufacturers (GAMA) and the Indonesian Association of Car Component Producers (GIAMM).

In addition the delegation will also has a series of meetings with government officials and the Indonesian Chamber of Commerce and Industry (Kadin)