JAKARTA Aug 22 Germany's Volkswagen AG
is expected to announce later this year an initial
200 million euro ($268.53 million) investment to build an
automobile plant in Indonesia, an Indonesian government minister
Industry minister Mohamad Hidayat said the carmaker would
build the car plant in Cikampek, West Java. He did not say how
many vehicles the plant would produce.
"They will announce the plan in November or December," he
told reporters after a meeting with company officials in
Jakarta. He said the 200 million euro investment was a personal
estimate and wasn't a number officially from the company.
($1 = 0.7448 euros)
(Reporting by Yayat Supriatna; Writing by Randy Fabi)