Foxconn cancels plan to build factory in Indonesia, moves to M'sia
The Jakarta Post
The Jakarta Post
Taiwanese electronics producer Foxconn has dropped its plan to build a cell phone factory in Indonesia due to land acquisition problems and is considering building it in Malaysia.
The head of the Indonesian Chamber of Commerce and Industry (Kadin), Suryo Bambang Sulistyo, said on Tuesday that the Taiwanese firm had requested free land in exchange for its US$1 billion investment in Indonesia. The government did not respond to the request. Suryo regretted the government's lack of decisiveness.
'We have plenty of land, we should have been able to give them some," he said, as quoted by kompas.com on Tuesday.
Previously, Foxconn's parent company, Hon Hai Precision Industry, conveyed to the Indonesian government its plan to invest $ 1 billion in Indonesia, including a plan to build the factory.
It was reported that the plan was cancelled because the company considered the price of land in Cakung, East Jakarta, too high. But later on the company asked the government to offer the land for free.
Suryo said that due to its failure to secure the land, the company was now eying for Malaysia as a new investment target. (ika)(++++)
You might also like :
- Obama arrives in Bali
- Media mogul declared intimidation suspect
- Australian citizen denied entry to Bali due to criminal record
- Indonesia's upstream projects proposed for strategic project list
- Obama’s visit to boost Indonesia’s tourism
- Bumi Resources finally obtains effective statement to restructure debt
- Online drivers choose to stay in Jakarta to earn more cash
- Police to question media mogul Hary Tanoe as suspect in alleged threat against prosecutor
- Property developer sees potential to build office buildings for startups in Bali
- No extravagant ceremony to welcome Obama: Official