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View all search resultsThe Karawang facility is being developed by PT SK Plasma Core Indonesia, a joint venture between South Korea's SK Plasma and Indonesia's sovereign wealth fund INA, with an investment of US$150 million.
The manufacturing sector’s growth trend is expected to face many challenges, including higher oil and energy prices due to US and Israeli attacks on Iran, as well as rupiah depreciation, which is pushing up production costs for certain industries.
“Initial findings suggest the flames may have originated in a storage area containing raw materials for sandal production, including chemicals. However, we do not yet know what triggered the fire,” Tohap said on Wednesday.
The Germany-based engineering and technology company aims to complete the new facility in the first quarter of 2027. Bosch regional president for Asia Pacific South Vijay Ratnaparkhe spoke to The Jakarta Post’s Maudey Khalisha on Nov. 19, the day of the factory’s groundbreaking ceremony, about tapping into rising domestic demand from the automotive and other industries.
Victory Chingluh Indonesia plans to lay off thousands of workers after reducing its workforce by 2,000 in March, but labor union group KASBI says workers are unfairly paying the consequences for an issue to do with production quality.
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