Toshiba's Joint Venture Plants in Indonesia for Color Picture Tubes and TV Sets Celebrates Start of Commercial Production|
5 November, 1996
TOKYO--P.T. Tosummit Electronic Devices Indonesia (TEDI), a manufacturer of color picture tubes (CPTs), P.T. Toshiba Consumer Products Indonesia (TJP), a manufacturer of color television sets, and P.T. Toshiba Metal Parts Indonesia (TMPI), a manufacturer of metal parts for CPTs, today celebrate the official opening of their new plants in East Jakarta Industrial Park. The joint ceremony will be held in the presence of the Minister of Industry and Trade, Mr. Tunky Ariwibowo; Haji Muchamad Djamhari, Regent of Bekasi; Ambassador Taizo Watanabe of Japan; and other officials and dignitaries.
The total investment for the three plants will reach approximately 147 million US dollars and will create more than 2,500 jobs by 1998.
TEDI, a joint venture of TGI, a group of Indonesian TV makers, Toshiba Corporation, Sumitomo Corporation, and Orion Electric of South Korea, produces 14- and 20-inch CPTs, and is slated to become one of Indonesia's largest production bases for CPTs. Its products will be supplied to Toshiba's new TV factory in Indonesia, marketed locally and exported worldwide. Since most CPTs in Indonesian TVs are imported, TEDI is expected to promote development of CPT manufacturing capacity and to contribute to Indonesia's international trade balance.
TJP, subscribed by Toshiba Singapore and Toshiba Corporation, plans to build up its capacity to 1 million units a year by 1997. Its output will be widely exported to North and South America, Eastern Europe, the Middle East, Africa and other Asian countries, and also marketed locally .
TMPI, owned by Toshiba Metal Parts Corporation, an affiliate of Toshiba Corp., and Sumitomo Corporation, was established in December 1995, to assist enhancement of local procurement of CPT components. It produces metal frames, inner-shields and holders.
Worldwide demand for color TVs is expected to enjoy steady growth, with strong demand in Asian countries. The Indonesian market is forecast to see particularly strong annual growth of over 10 percent in coming years, to reach 2.5 million units in 1998.
Toshiba selected Indonesia as the home for the new TV production facilities because of its importance as a fast growing market, the ready availability of a qualified work-force, and the high production efficiency that can be achieved by sourcing color picture tubes from TEDI. Toshiba's partner, Sumitomo Corporation, will bring its years of know-how to bear on logistics in Indonesia.
Norikatsu Otaki, president of TJP said, "I want to thank the authorities, industry and community for offering us all the support that helped us achieve this successful start-up. Now that all three manufacturing plants have begun commercial production, we will enhance our manufacturing operations in order to meet growing demand from the Indonesian and global TV market."
Hirofumi Kakiuchi, president of TEDI remarks, " We will make TEDI a leading Indonesian-based manufacturer of CPT and want to make a major contribution to meeting local demand. On top of this, when we reach full capacity in 1998, our manufacturing activities will reduce imports to Indonesia by as much as 100 million US dollars a year. We aim to support Indonesia's economic growth."
P.T. Tosummit Electronic Devices Indonesia (TEDI)
P.T. TMP Indonesia (TMPI)
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