Welltekindo's joint venture

JAKARTA (JP): PT Welltekindo Nusantara, a company specializing in the maintenance of oil-mining facilities, said yesterday that it will sign a joint venture agreement here tomorrow with Specialty Machine and Supply Inc. of the United States.

Under the agreement, the two companies are to set up the country's first venture producing oil-mining machinery.

Welltekindo said in a statement yesterday that the partners expect to construct a production plant in Cikarang, West Java.

The statement gave no details on total investment, product specification or production capacity. (alo)