LS C&S and AMS will invest USD 40 million for the factory, where the factory will be built on a 64,000 sq m land area and ready by late 2019.
June 18, 2018
LS Cable & System (LS C&S) announced its joint venture with PT Artha Metal Sinergi (AMS) from Indonesia, a member of Artha Graha Network (AGN). The joint venture agreement was signed on 18th June 2018 at the Embassy of the Republic of Indonesia in Seoul, in which the main objective is to construct electric cable manufacturing factory in Indonesia.
LS C&S and AMS will invest USD 40 million for the factory, where the factory will be built on a 64,000 sq m land area and ready by late 2019. The joint venture is expected to make about USD 100 million in sales in 2025. Indonesia’s government will provide their support on the project as it is in accordance to Indonesian President’s vision for Indonesia to achieve adequate electric power distribution across Indonesian archipelago.
Both companies have agreed to build their first electric cable manufacturing factory in Artha Industrial Hill, a renowned industrial estate located at West Karawang, West Java, Indonesia. With the availability of KLIK program, many Korean manufacturers has chosen Artha Industrial Hill industrial estate.
