Indonesia's investment ministry said several Chinese companies had committed to investing a total of $7.46 billion in new projects, including factories producing silicon products and fiberglass.
The ministry issued the statement late Sunday, following Investment Minister Rosan Roeslani's visit to the Chinese cities of Hangzhou, Quzhou and Beijing between December 18 and 20.
The commitments include a plan by Hongshi Holding Group to build an industrial zone to produce silicon, polysilicon, as well as batteries and components, including a 2 gigawatt power plant to operate the park, worth 5 billion dollars, the ministry said.
China Jushi Co, a unit of Zhenshi Holding Group, plans a billion-dollar investment in the fiberglass industry.
Wankai New Materials plans three phases of investment worth $1 billion in the petrochemical sector.
Rosan said he had asked nickel company Huayou Holding Group, which already has significant investments in the Southeast Asian country, to build a research and development center in Indonesia. He said the company agreed and Jakarta would provide tax relief.
The companies did not immediately respond to requests for comment.
The minister also met with carmaker Geely Automobile Holdings and several other Chinese companies, according to the statement.
Business
Related News :