Spain studies auto business

Spain studies auto business

JAKARTA (JP): Spanish businessmen are studying the possibility
of establishing a Volkswagen automobile assembly plant in
Indonesia as the car is still very popular throughout the
country, a Spanish official said yesterday.

Spanish Governor of Catalonia Jardi Pujol told reporters after
meeting with President Soeharto here that businessmen from his
country want to increase investment in Indonesia.

"The businessmen especially want to invest in medium and
small-scale industries," he said.

Data from the Investment Coordinating Board (BKPM) showed that
there are now four Spanish investment ventures in Indonesia,
valued at $59.8 million. One of the leading companies from Spain,
aircraft manufacturer CASA is cooperating with the Bandung-based
National Aircraft Manufacturer (IPTN).(icn)