Siemens fiber optic cable

Wed, 15 Nov 1995

MUNICH (DPA): The German electrotechnology concern Siemens said yesterday it is setting up a joint venture in Indonesia to produce fiber optic cables outside of Jakarta.

Siemens said it holds a 51 percent stake in the venture set up with PT Trafindo Perkasa. For some US$16 million, a plant will be built at Cilegon outside Jakarta.

The facility is to go on stream in July 1996 and eventually have annual production capacity of 70,000 kilometers of fiber optic cables meant for the Indonesian market.

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