China Expresses Commitment In 271 Projects In Indonesia
6 September 2016
Chinese investors have expressed their commitment to invest in 271 projects in Indonesia in the second quarter of 2016, according to Harjanto, director general of resilience and development of international industry access at the Industry Ministry, at the G20 Summit in Cina.
“China has expressed its commitment to Indonesia’s 271 investment projects worth US$925 million, of which main contributions are from steel, electronic, food, cement and other strategic industries,” Harjano said in a press release on Tuesday, September 6, 2016.
China’s investments in Indonesia were expected to have positive impacts on the national economy and the domestic industry competitiveness, he added.
Included in realized China’s investments in Indonesia are PT Sulawesi Mining Investment operating in the nickel mining sector with a production capacity of 300,000 tons per year and an investment value of US$636 million in Morowali Industrial Park, Central Sulawesi. PT Sulawesi Mining Investment owns the first nickel smelter in Indonesia utilizing the Arc Furnace Rotary Kiln technology.
Another China’s investment is PT Virtue Dragon Nickel Industry operating in ferronickel processing sector in Konawe, Southeast Sulawesi, with a total investment of US$5 billion and an annual production capacity of 600,000 tons.
“There’s also Anhui Conch Cement Company operating in the cement industry with a total investment value of US$5.7 billion and an annual production capacity of 20 million tons,” Harjanto revealed.
In Indonesia, Anhui Conch Group will build five integrated plants and a grinding plant in South Kalimantan, Banten, North Sulawesi, South Sulawesi, and West Papua.
At the Indonesia Business Forum in Shanghai, Industry Ministry Airlangga offered four industrial zones in Indonesia ready to work with foreign investors.
“We also invite Chinese investors to seize investment opportunities in Indonesia, such as those offered by mineral, coal gasification, petrochemical, agriculture, shipyard, and automotive component industries,” Minister Airlangga said.
Source : tempo.co