RI-China motorbikes

RI-China motorbikes

JAKARTA (JP): PT Manunggal Otomotif and its Chinese partner,
China Qingqi Motorcycle Group General Co., have agreed to
establish a joint venture to produce motorbikes with an
Indonesian brand name.

Manunggal Otomotif president Samuel S. Tarman was quoted by
Antara as saying the joint venture, likely to be named PT
Manunggal Qingqi Internasional, would start production next July
with an investment of US$10 million.

Manunggal Otomotif and its Chinese partner would have an equal
share in the venture, Samuel said.

He said his company had not yet come up with a brand-name for
the motorbike, nor had it gained a permit from the Ministry of
Industry and Trade.

Samuel said about 30,000 motorbikes a year would be produced
at Manunggal Otomotif's plant in Cibitung, West Java. (pwn)