Japanese trading house
Itochu said it has decided to expand Karawang International Industrial City in Karawang Regency,
The industrial park is located about 80 kilometers from
After the expansion, the total area of the industrial park will be about 1,500 hectares. Itochu has developed and operated the estate through its joint venture with Indonesian conglomerate
Development work for the additional land, purchased in December last year, began Tuesday. Clients may start building their facilities on the land as early as the January-March quarter of 2022, before the planned completion of the development work in the first half of 2023.
Of the 105 hectare site in the southwestern part of the industrial park, 16 plots occupying about 70 hectares will be sold. There have been inquiries from Japanese, Chinese, South Korean and local companies, and negotiations are under way with potential clients considering building plants or logistics facilities, Itochu said.
PT.
Karawang International Industrial City has set offer prices of 190 to
Most of the around 170 companies operating in the industrial park are Japanese. Two South Korean and two Taiwanese companies are among them but currently there are no companies from mainland
"There remain investments by Japanese companies, which have so far been the main targets of the business, but it seems that investments from major industries are almost complete," Yamaguchi said, adding sales efforts will be directed at Chinese and South Korean companies.
KIIC will also focus sales efforts on data center operators and other industries sensitive to operational risks, as the industrial park has infrastructure advantages, including a preferential electricity supply deal with Indonesian state utility PT. PLN, he said.
He said KIIC is studying the feasibility of building a third logistics facility in the industrial park as the existing two rental warehouses are used by Itochu affiliates. (NNA/Kyodo)
==Kyodo
© Kyodo News International, Inc., source