Indonesia and Hungary Create Joint Investment Fund of USD 500 Million for Infrastructure Projects
Indonesia and Hungary are setting up the Indonesia-Hungary Investment Fund (IHIF), worth USD 500 million, to help finance the Indonesian government’s infrastructure projects. The joint investment fund will be set up with an equal contribution of USD 250 million...
Hitachi Strengthens Parts Remanufacturing Business in Indonesia
Japan’s Hitachi Construction Machinery is establishing a new remanufacturing plant in Bekasi, east of Jakarta, to recycle components for medium-sized and large hydraulic shovels. Covering 900 square meters, Hitachi’s new plant will dismantle, clean, and...
Kerry Group to Invest EUR 30 Million in Manufacturing Facility in Indonesia
Irish taste and nutrition company Kerry Group has announced plans to invest EUR 30 million (USD 36.2 million) to build a manufacturing facility in Karawang, Indonesia. Construction has started, and the plant is scheduled to be operational in late 2022. The new...