Matsushita, Seiko Epson up RI output

Matsushita, Seiko Epson up RI output

JAKARTA: Matsushita Electric Industrial Co. and Seiko Epson Corp. plan to work together to raise the volume of parts and components they procure in Indonesia, the Nihon Keizai Shimbun reported in its Wednesday edition.

Three Indonesian joint ventures in which the two companies have stakes make washing machines, refrigerators, air conditioners, televisions, printers and other products. The joint ventures recently held a meeting with local suppliers wishing to do business with them.

The companies plan to disclose to foreign and domestic suppliers lists of the parts and materials their Indonesian factories purchase from other countries. This will make it easier for them to develop relationships with local companies that might be able to supply the same goods. -- Dow Jones