Toshiba to produce TV sets in Indonesia
Toshiba to produce TV sets in Indonesia
JAKARTA (JP): Toshiba Corporation of Japan and Toshiba
Singapore Pte. Ltd. will together establish a new company near
here to produce color television sets to meet the increasing
demand on the global market.
Toshiba Corporation said in a statement yesterday that the new
company, to be called PT Toshiba Consumers Product (Indonesia),
will have an initial capital of US$15.6 million, two thirds of
which will be subscribed by Toshiba Singapore and one third by
the Toshiba Corporation.
Capital investment for site construction and the procurement
of manufacturing equipment will amount to some $42 million by
March 1998.
This August the new company will start the construction of a
25,000-square-meter manufacturing facility on a 124,000-square-
meter site in the East Jakarta Industrial Park, 40 kilometers
east of Jakarta.
Construction will be completed in April 1996 and production of
14-inch and 20-inch color television sets is expected to start in
June 1996 at a capacity of 400,000 units per year.
Initial employment will be 350, rising to 1,000 in 1997, when
the production capacity will be more than doubled to one million
sets annually.
The plant's production will be marketed domestically and
exported to other Asian countries, North and South America,
eastern Europe, the Middle East and Africa.
The Indonesian market of television sets this year is expected
to grow by 25 percent to 1.5 million units.
Toshiba has production facilities for color television sets in
various regions. Its production in Asia will reach 1.3 million
sets this year, an increase of 400,000 units over the previous
year, with Toshiba Singapore playing the major role.
Toshiba has also established a joint venture company, PT
Tosummit Electronics Devices Indonesia, to manufacture color
picture tubes in the East Jakarta Industrial Park, beginning in
September 1996.
The statement said Toshiba selected Indonesia as the home for
the new company because of its importance as a fast growing
market, its proximity to Singapore, which enables Toshiba
Singapore to extend full assistance to the new company, the ready
availability of a qualified work force and the high production
efficiency that can be achieved by sourcing color picture tubes
from PT Tosummit Electronics Devices Indonesia.
Toshiba also said it planned to strengthen its partnership
with PT Topjaya, its local manufacturer and distributor in
Indonesia. (31)