EPSON RELOCATING FACTORY FROM CHINA TO INDONESIA

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EPSON RELOCATING FACTORY FROM CHINA TO INDONESIA

 user 2010-03-29 at 11:16:36 am Views: 61
  • #23763
    http://news.ph.msn.com/regional/article.aspx?cp-documentid=3969767
    EPSON RELOCATING FACTORY FROM CHINA TO
    INDONESIA

    Indonesia’s industry minister
    said Thursday that Japanese electronics maker Epson plans to relocate a
    factory from China to Indonesia this year, according to a report.”This
    year Epson will relocate its factory to Jakarta and double its
    investment,” M.S. Hidayat was quoted as saying by Antara state news
    agency.”Their reason was that labour costs in China are already
    expensive. They have made a commitment and I told them that I would
    facilitate them because this could generate up to 1,500 jobs,” he
    said.Hidayat, who gave no further details about Epson’s plans, added
    that several other Japanese companies such as Toyota, Hitachi and
    Panasonic aimed to expand their business in Indonesia.

    Indonesia,
    Southeast Asia’s largest economy, is trying to attract foreign direct
    investment to help it achieve growth targets of 5.5 percent this year.
    The country posted 4.5 percent growth last year.But investors say they
    are put off by overlapping regulations, legal uncertainty, creaking
    infrastructure and widespread corruption.

    The annual corruption
    poll by the Political and Economic Risk Consultancy this month judged
    Indonesia to be the most corrupt country in a table of regional
    economies, with a score of 9.27 out of the worst possible 10.Indonesia
    also came last in 2009 but with a marginally better score of 8.32.