LG Pumps to set up plant

LG Pumps to set up plant

JAKARTA (JP): South Korean company LG Pumps plans to invest
US$10 million in a factory in West Java to strengthen its market
position in Indonesia and neighboring countries, the company's
sales director Chang In Suk announced on Friday.

Chang said the plant, which will have a monthly production
capacity of 80,000 water pumps, was scheduled to begin supplying
the Indonesian, Thai, Vietnamese and Philippine markets in late
2001.

He said LG Pumps and its local partner PT Aditya Sarana Graha
would step up their marketing efforts to increase the LG pump
market share, which as a consequence of the economy's downturn
declined from 26 percent prior to the economic crisis to only 10
percent this year.

Aditya Sarana president Haris Chandra said the LG pumps, which
sold 15,000 units over the past eight months, were expected to
increase their sales to 60,000 units next year. (06)