NCR inaugurates local subsidiary

NCR inaugurates local subsidiary

JAKARTA (JP): Ohio-based Automated Teller Machine (ATM)
manufacturer NCR Corporation on Monday launched the establishment
of its wholly owned Indonesia subsidiary.

The company said the new subsidiary, PT NCR Indonesia, was
established last year to provide better service to existing and
future clients.

"Our final decision early last year to go ahead with the long-
planned establishment of the Indonesian subsidiary, despite the
crisis, proved to be a correct one," the managing director of NCR
Indonesia, Wiranto Partosudirdjo, said.

NCR, whose clients are mostly banks, booked US$2 million in
revenue in Indonesia in 1998, a considerable decline from the $17
million it booked the previous year.

Wiranto said 1998 was a surprising year in that NCR still
received orders despite the country's banking and economic
crises.

NCR expects to see 50 percent revenue growth per year in
Indonesia up to 2003, he said.

NCR Asia Pacific director Keith Taylor said Indonesia had
entered the beginning phase of its economic recovery and NCR
wanted to be well positioned when economic prosperity returned.

He said before the regional economic crisis began in mid-1997,
NCR had planned to focus its expansion on five countries: Brazil,
Russia, India, Indonesia and China.

"These countries have been performing well in the growth of
their information technology despite the crisis that hit some of
them," he said.

He said NCR would soon introduce to Indonesia an ATM that
allowed customers to make cash deposits. The system already is
popular in a number of other countries.

Using these ATMs, depositors can withdraw and deposit their
money with ATMs equipped with a chip which allows it to detect
counterfeit bills, he said.

NCR, which provides 20 percent of the country's 6,000 ATMs,
began 1999 with an order from one of Indonesia's largest foreign
retail banks for at least 50 ATMs, Keith said. (02)