GE to Invest $100m in Indonesia for 2014 as Part of $300m in 3-Year Period

By Damiana Simanjuntak on 9:45 pm February 4, 2014.
Category Business, Corporate News
Tags: GE, Pertamina, PLN
General Electric, the US conglomerate, is set to spend $100 million in Indonesia this year, as part of its $300 million investment over the next three years.

“We are aiming for a double-digit growth in revenue, though this year would definitely be challenging,” GE Indonesia chief executive Handry Satriago said in Jakarta on Monday.

Handry said Indonesia would be a key market for the company.

The multinational conglomerate plans to get involved in energy, aviation, mining, health, transportation, and oil and gas in the country.

Last year, GE booked revenue of more than $1 billion from its Indonesian operations. The company employed more than 100 people and trained 500 clients through the eight business sectors it is involved in.

GE plans to create a service maintenance training center for the CFM 56-7B aircraft engine, in partnership with national flag carrier Garuda Indonesia, the country’s biggest airline, which would help maintain about 1,000 aircraft using this engine.

The conglomerate also cooperates with the railway operator Kereta Api Indonesia (KAI) to modernize its locomotives.

GE is expanding its offshore drilling equipment manufacturing plant in Batam to have a capacity of two units per month.

“With this expansion, Indonesia could become the first country in Asia Pacific to have a production facility for subsea production trees. We already have one in Aberdeen, Scotland,” Handry said.

A subsea production tree is used to control the flow of oil and gas out from the well.

GE also expects to establish its Indonesia Learning Center this year, Bloomberg reported in December last year. The facility is expected to train 200 employees of state-owned oil and gas company Pertamina and also of state utility Perusahaan Listrik Negara.

“We also want to enter the mining sector by producing equipment and tools. At the moment, we are promoting anti-collision systems,” Handry said.

GE Lighting, the company’s unit in the lighting industry, will expand its plant in Sleman, Yogyakarta. This would boost GE Lighting’s production capacity for halogen bulbs for the export market to around 35 million units per year.

GE has been in Indonesia since 1940 and has invested more than $1 billion here.
ember
=============================================================================
karena mama rosi dan mama sino dah mulai main terang2an barat berusaha ngerayu...
makanya kalo lagi kismin aka miskin jangan ngurusin negara lain...
lagian investasi kok kecil amat nilainya...