English
Japan
President Republic of Indonesia Joko Widodo
Jokowi mentioned 7 Company's Factories will Relocated to RI
President Joko Widodo (Jokowi) confirmed that there were
seven foreign companies relocating their factories to Indonesia. Five of the
seven factories moved from China while the other two from Korea and Japan. Therefore,
he asked the Investment Coordinating Board (BKPM) to immediately complete the
facilities that must be given to investors starting from matters of permits,
electricity, gas, and others.
Jokowi also mentioned that there are 119 potential companies
that will relocate their factories from China. In addition to the seven
companies that are certain to enter, there are 17 companies that have committed
to enter in with a total investment of US $ 37 billion and a potential
employment of 112 thousand people.
One company that has stated its commitment is LG Chemical
with an investment value of 9.8 billion US, and a potential employment of
14,000 people. The process of entry of 17 companies into Indonesia, he said,
had reached 60 percent.
Here is a list of 7 companies that ensure relocation to
Indonesia based on BKPM data:
1.
PT Meiloon Technology Indonesia
Relocation factories from Suzhou, China. Factories in Taiwan
and China are the main production factories for the global market
2.
PT Sagami Indonesia
Relocation factories from Shenzen, China because factory and
labor costs in Indonesia are more competitive than China
3.
PT CDS
Asia (Alpan)
Relocation factories from Xiamen, China due to tariffs on
imports of products from Indonesia to the United States 0% compared to tariffs
on 25% from China to America
4.
PT Kenda Rubber Indonesia
Relocation factories from Shenzen, China due to increased
market demand in Indonesia
5.
Denso, PT Denso Indonesia
Relocation of factories from Japan because they see
Indonesia as the best location after conducting research to various countries
in the ASEAN region
6.
PT Panasonic Manufacturing Indonesia
Relocation from China because they want to make Indonesia an
export base market for several categories of home appliances products
7.
PT LG Electronics Indonesia
Relocating from South Korea and
planning to make Indonesia a new regional hub that reaches the Asian and
Australian markets
Source: https://bit.ly/2OoHNMp
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