Via Jakarta Post:
Major Japanese trading house, the Mitsubishi Corporation, plans to invest up to US$1 billion in Indonesia to strengthen its automotive business, a minister has said.
The figure would be added to the $7 billion investment that Mitsubishi has poured into Indonesia between 2006 and 2014, including for the Donggi-Senoro liquefied natural gas (LNG) project in Banggai, Central Sulawesi, according to Industry Minister MS Hidayat.
“Mitsubishi will launch its automotive project within the next two months,” he said Tuesday, declining to elaborate further.
The plan was revealed during a meeting between senior Mitsubishi executives, led by advisor Mikio Sasaki, and President Susilo Bambang Yudhoyono, together with president elect Joko “Jokowi” Widodo.
Major Japanese trading house, the Mitsubishi Corporation, plans to invest up to US$1 billion in Indonesia to strengthen its automotive business, a minister has said.
The figure would be added to the $7 billion investment that Mitsubishi has poured into Indonesia between 2006 and 2014, including for the Donggi-Senoro liquefied natural gas (LNG) project in Banggai, Central Sulawesi, according to Industry Minister MS Hidayat.“Mitsubishi will launch its automotive project within the next two months,” he said Tuesday, declining to elaborate further.
The plan was revealed during a meeting between senior Mitsubishi executives, led by advisor Mikio Sasaki, and President Susilo Bambang Yudhoyono, together with president elect Joko “Jokowi” Widodo.
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