PT Toshiba Consumer Product Indonesia (TCPI), a subsidiary of the Japanese electronics giant Toshiba, will further expand its television factory in Cikarang, West Java, with an additional investment of about US$35 million. The Jakarta Post reported.
Industry Minister Muhamad S. Hidayat said in Jakarta on Saturday that the expansion will be part of the company's plan to make Indonesia into its production hub for Southeast Asia.
"It means the company's local factory will not only produce TV sets for the Indonesian market but also for export," he said, adding that the expansion would be carried in stages in line with the country's economic conditions.
However, Hidayat added that the Japanese company had asked the government to create more conducive labor policies to facilitate its expansion plans. |
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