Chinese company to set up JV for Indonesian grid construction

Chinese company to set up JV for Indonesian grid construction

Gold Cup Electric, a Chinese electrical wire and cable producer, will
establish a joint venture with an Indonesian firm to offer products for the
construction of Indonesia's national grid.

The Hunan-based Gold Cup Electric will contribute 55 percent of the total
investment of 560 billion Indonesian rupiahs (42 million U.S. dollars), and
the remaining 45 percent will come from PT Bukaka Teknik Utama Tbk, an
Indonesian company engaged in engineering, procurement and construction,
according to the Chinese company.

The factory will be built in Indonesia with technology exported from China,
and the products will supply Indonesia's national electric power company.

Deng Shaokun, official with Gold Cup Electric, said the company has done
research in Indonesia and gained ample knowledge about the country's
electronic cable market.

If cooperation goes smoothly, Gold Cup Electric will increase its investment
and extend its presence in Indonesia, he said.

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Link to Original Article:
http://news.xinhuanet.com/english/2017-01/15/c_135983799.htm

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com