UK Dunlop to build aircraft tyre plant in Indonesia
The UK’s Dunlop Aircraft Tyres plans to build a factory in Karawang, Indonesia’s West Java province, with total investment of 1 trillion IDR (70.92 million USD).
Inside a production plant of Dunlop Aircraft Tyres(Photo: ft.com)
Jakarta (VNA) – The UK’s Dunlop Aircraft Tyres plans to build a factory in Karawang, Indonesia’s West Java province, with total investment of 1 trillion IDR (70.92 million USD).
In his latest announcement, Minister of Industry Agus Gumiwang Kartasasmita said the UK manufacturer will partner local firm PT Rubberman Indonesia to develop and construct the plant, which is projected to become operational within the next 18 months.
Dunlop is one of the world’s largest aircraft tyre manufacturers. The corporation has factories in China to serve its customers in the Asia Pacific region. Meanwhile, Rubberman is a tyre making giant in Indonesia with more than 25 factories located in Java, Sumatra, Kalimantan and Sulawesi.
Kartasasmita said the investment plan was a good sign for Indonesia amid the global economic downturn. In addition, this indicated that Indonesia is still one of the main investment destinations for world-class companies.
He said hopes the investment will help attract tyre makers from Singapore and Malaysia.
Investment in the tyre industry has the potential to develop in Indonesia where the aviation industry has enjoyed consistent growth of 6 percent over the past 20 years, he added.
Meanwhile, Dunlop CEO Gordon Roper said the corporation is interested in investing in Indonesia as it is supported by an abundance of rubber materials and a growing aviation industry./.
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
