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Jakarta Post

Chinese firm to invest $6b in Wonogiri

  • Kusumasari Ayuningtyas

    The Jakarta Post

Wonogiri   /   Wed, June 20 2012   /  11:26 am

The Chinese government through its state-owned China Hi-Tech Group Corporation has pledged to invest US$6 billion in southern Central Java to develop a container port and integrated industrial zones at a number of locations in Wonogiri regency.

In the implementation, the Chinese company will cooperate with Sukoharjo-based PT Sritex textile company as a main partner in which the former will develop cement factories while the latter will develop a textile factory in the planned industrial zone.

“We are part of the investment. Hopefully the textile industry will absorb a huge number of manpower,” PT Sritex general affairs manager Sri Saptono Basuki said on Tuesday.

The textile factory is to be built in the Alas Kethu region in Wonogiri district. The site was chosen because of its barrenness. The cement factories are to be built in Giritontro and Giriwoyo, while the ...