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Jakarta Post

Indonesia’s SOEs collaborate with their European counterparts

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, September 21, 2018   /   06:39 pm
Indonesia’s SOEs collaborate with their European counterparts State-Owned Enterprises Minister Rini Soemarno. (tribunnews.com/File)

State-Owned Enterprises (SOEs) Minister Rini Soemarno said several Indonesian SOEs have made agreements with companies on the sidelines of the world’s largest rolling stock exhibition, Innotrans 2018, in Germany, recently.

"The agreements are SOEs’ step to go international. Indonesia can be a leader in the rolling stock industry in ASEAN," Rini said as quoted by Antara on Friday.

The SOEs include electronics producer PT Len Industri, rolling stock company (train maker) PT Industri Kereta Api (INKA), railway operator PT Kereta Api Indonesia (KAI), which signed their agreements on Thursday.

She said PT Len Industri signed a memorandum of understanding with Croatian company Altpro on product development and certification partnership.

Meanwhile, INKA collaborated with SKODA, a producer of propulsion and railway control systems from the Czech Republic. The two companies are committed to expanding their cooperation and transfer of technology on traction motors and propulsion.

KAI signed an agreement with Progress Rail, a supplier of products and railway services affiliated with heavy equipment company Caterpillar.

The agreement covers the development and maintenance of rolling stock, modernization and repowering of locomotives and the application of technology to improve safety, efficiency and performance of railways.

"The cooperation agreements are expected to enhance SOEs performance both regionally and internationally," Rini said. (bbn)