NGK sets up RI subsidiary

NGK sets up RI subsidiary

TOKYO (Reuter): NGK Insulators Ltd said it would set up a
wholly owned subsidiary in Indonesia in April to produce ceramic
components for catalytic converters.

The new company, PT NGK Ceramics Indonesia, capitalized at
US$10 million, plans to invest 1.6 billion yen to build a plant
in the East Jakarta Industrial Park in Lemahabang, Bekasi.

Construction will completed by May 1997.

The company said it planned to start production in 1998 with
an annual output rate of 2.5 million units for sale to Japanese
carmakers' Asian units. The company said it hoped to create 90
local jobs.