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Neturen Co Ltd to Establish Joint Venture in Indonesia


Thursday, 7 Mar 2013 01:00am EST 

Neturen Co Ltd announced that it has decided to establish an Indonesia-based joint venture called PT. NETUREN INDONESIA, which will be engaged in the manufacturing and sale of induction heating equipments, with an Indonesia-based company, in May 2013. The Company and the Indonesia-based company will each hold a 90% and a 10% stake in the joint venture, respectively. The joint venture will be capitalized at JPY 350 million and will start operation in January 2014. 

Company Quote

774.0
17.0 +2.25%
24 Jul 2014