Four Chinese Furniture Companies Invest US$400 Billion in Indonesia
Tuesday, 28 February, 2012 | 18:29 WIB
TEMPO Interactive, Jakarta:Indonesian Furniture Businessmen Association chairman, Ambar Tjahyono, has confirmed that four Chinese furniture companies plan to invest in Indonesia by year end. The companies are currently studying the investment regulations and ideal locations in the country.
"They will be investing a lot. Each company will spend up to US$100 billion,” said Ambar yesterday. These companies are Shenzhen Airland Furniture, De Rucci Beddings Co, A-Zenith and China Aqsiq.
The four companies that produce classic furniture, sofas and mattresses will be investing in Indonesia for the first time. Previously, they invested in Malaysia. “They saw the potential market in Indonesia with the growing middle class here,” he said.
Shenzhen Airland Furniture director, William Chan, said he was interested in investing in Java. “We need adequate infrastructure and locations that are close to raw material centers,” he said.
Beijing National Furniture Association deputy, Zhang Bingbing, said the industry in China was in need of rattan because furniture malls in China are growing.
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