7 Companies that have left China have entered Indonesia

    244

    President Joko Widodo or Jokowi ensured that 7 foreign companies leaving from other countries entered Indonesia. Five companies came from China and the other two came from South Korea and Japan.

    “Today, I am happy, there have been seven companies that have entered.” Jokowi said via teleconference from the Integrated Industrial Zone of Batang, Batang Regency, Central Java on Tuesday, 30 June 2020.

    Indonesia Flag

    Jokowi said that currently there are 119 potential companies that will relocate from China. As many as 7 companies are confirmed to have entered and 17 companies already have a large commitment to follow.

    “17 companies have entered 60 percent progress. So, I ask that they be served and pursued and delivered facilities that we can provide to them,” said Jokowi.

    The President reminded that he did not want last year’s events to be repeated. Last year Indonesia was only biting its fingers when 33 companies relocated from China.

    One company that has stated its commitment is LG Chemical with an investment value of US$ 9.8 billion, and potential employment of 14,000 people.

    Here is a list of 7 companies that ensure relocation to Indonesia based on BKPM data:

    1. PT Meiloon Technology Indonesia
      Relocation of factories from Suzhou, China. Factories in Taiwan and China are production centers for the global market
    2. PT Sagami Indonesia
      Relocation of factories from Shenzen, China because factory and labor costs in Indonesia are more competitive than China
    3. PT CDS Asia (Alpan)
      Relocation of factories from Xiamen, China due to tariffs on imports of products from Indonesia to the United States of 0% compared to tariffs of 25% from China to America
    4. PT Kenda Rubber Indonesia
      Relocation of factories from Shenzen, China due to increased market demand in Indonesia
    5. Denso, PT Denso Indonesia
      Relocation of factories from Japan because they see Indonesia as the best location after conducting research to various countries in the ASEAN region
    6. PT Panasonic Manufacturing Indonesia
      Relocation from China because they want to make Indonesia an export base market for several categories of home appliances products
    7. PT LG Electronics Indonesia
      Relocating from South Korea and planning to make Indonesia a new regional hub that reaches the Asian and Australian markets