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Caterpillar will Investment 26.5 Million U.S. Dollars

Written By Kepri Online on Sunday, June 10, 2012 | 19:24


Heavy equipment company Caterpillar from the United States to develop an investment worth 26.5 million U.S. dollars in Free Trade Zone and Free Port of Batam, Riau Islands.

"The value of Caterpillar investment in Batam 26.5 million U.S. dollars," said Director of One-Stop Integrated Service and Public Relations Agency for Concession (BP KPBPB) Batam, Dwi Djoko Wiwoho.

Value, he said, based on initial applications being applied to the BP KPBPB Batam.

"Its value can be increased," he said.

Until recently, the company was still taking care of some of the licensing business expansion in Batam.

Investment, he said, is the business development of Java.

In Batam, an international company that will make heavy equipment assembly plant.

"They also asked us to find 'supporting' the industry, but we do not clear my ass," he said.

Asked about the location of investment, he said for a while still in the area and Tanjunguncang Kabil.

In addition to Caterpillar, he said the company's household supplies P&G is also committed to float the business in Batam. However, the value is unknown.

According to Joko, business development and new investment in Batam is the result of the visit of U.S. Ambassador to Indonesia to the city some time ago.

"Ambassador also support and provide information to investors," he said.

Meanwhile, a press conference at the presidential office on Thursday (7/6) Coordinating Minister for Economy, Hatta Rajasa said the US-ASEAN Trade Committee consists of 14 large U.S. companies and expressed their commitment to berivestasi in Indonesia.

He cited from the U.S. heavy equipment company Caterpillar that will be invested. While P&G company engaged in the field of children's products to develop their investment in Batam.

Hatta said the commitment is expected to benefit from this economic cooperation can be felt equally by both parties.
Caterpillar will Investment 26.5 Million U.S. Dollars

Heavy equipment company Caterpillar from the United States to develop an investment worth 26.5 million U.S. dollars in Free Trade Zone and Free Port of Batam, Riau Islands.

"The value of Caterpillar investment in Batam 26.5 million U.S. dollars," said Director of One-Stop Integrated Service and Public Relations Agency for Concession (BP KPBPB) Batam, Dwi Djoko Wiwoho.

Value, he said, based on initial applications being applied to the BP KPBPB Batam.

"Its value can be increased," he said.

Until recently, the company was still taking care of some of the licensing business expansion in Batam.

Investment, he said, is the business development of Java.

In Batam, an international company that will make heavy equipment assembly plant.

"They also asked us to find 'supporting' the industry, but we do not clear my ass," he said.

Asked about the location of investment, he said for a while still in the area and Tanjunguncang Kabil.

In addition to Caterpillar, he said the company's household supplies P&G is also committed to float the business in Batam. However, the value is unknown.

According to Joko, business development and new investment in Batam is the result of the visit of U.S. Ambassador to Indonesia to the city some time ago.

"Ambassador also support and provide information to investors," he said.

Meanwhile, a press conference at the presidential office on Thursday (7/6) Coordinating Minister for Economy, Hatta Rajasa said the US-ASEAN Trade Committee consists of 14 large U.S. companies and expressed their commitment to berivestasi in Indonesia.

He cited from the U.S. heavy equipment company Caterpillar that will be invested. While P&G company engaged in the field of children's products to develop their investment in Batam.

Hatta said the commitment is expected to benefit from this economic cooperation can be felt equally by both parties. (kepri.antaranews.com)
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