"Congratulations. I would like to express my highest appreciation to PT ZTT Cable Indonesia for investing in Indonesia and participating in building and developing fiber optic cable industry in Indonesia," Hartarto stated here on Tuesday.
Hartarto, who was accompanied by the Director General of Metal, Machinery, Transportation and Electronic Equipment at the Ministry of Industry, Harjanto, conveyed his remarks during a speech at the inauguration of the PT ZTT Cable Indonesia cable factory.
According to the minister, the factory, with an investment of US$40 million, will start its production in October 2018.
The factory, which is built in an area of 36,300 square meters, will produce one million kilometers of fiber optic cable per year, one million kilometers of optical fiber per year, and two million kilometers of ground wire per year.
Hartarto hoped that the plant will make technology transfer, absorb a lot of labors, and have positive impacts on other economic activities.
With this factory, he continued, Indonesia could reduce the import of fiber optic cables to 10 percent of the total cable needs of 9 million kilometers per year.
"This new plant is expected to reduce imports by 8-10 percent of the annual needs, so that it can save foreign exchange of approximately $500 million," he pointed out.
Reporting by Sella Panduarsa Gareta
Editingt by Libertina W Ambari
Reporter: Antara
Editor: Suharto
Copyright © ANTARA 2018
