Japan's Kyosha enter RI

Japan's Kyosha enter RI

TOKYO (AFP): Japan's Kyosha Co. Ltd. said yesterday it had set up a joint venture in Indonesia with another Japanese firm and local concerns to produce and sell printed circuit boards.

The joint venture, located in suburban Jakarta, will be capitalized at US$1.5 million and is expected to commence production in January next year.

The venture will be controlled 20 percent by Kyosha, 39.2 percent by Miyoshi Electronic Corp. and 20.8 percent by PT Lippo Industries and Lippo Industries Capital Corp. The remaining shares will be owned by other local concerns.

The firm is to monthly produce 50,000 square meters (538,000 square feet) of printed circuit boards for consumer electronics products and communications equipment.

Company officials said the venture would export the boards to production bases of Japanese electronics makers, including Matsushita Electric Industrial Co. and Sanyo Electric Co., in Southeast Asia.