"We store all types of components for Volvo heavy machinery, including excavators, bulldozers, loaders, and trucks," the Director of PT Volvo Indonesia for Balikpapan, Jurn Tepstra, said here on Friday.
According to the President Director of PT Volvo Indonesia, Pierre Jean-Verge Salamon, the investment is aimed to develop a warehouse facility that can store components for Volvo heavy vehicles.
PT Volvos branch office in Balikpapan supplies components to Kalimantan Island.
Meanwhile, Swedish Ambassador to Indonesia Brismar-Skoog inaugurated the warehouse located in Jalan Soekarno-Hatta, KM 13, Balikpapan, which has been integrated with Kariangau Industrial Area and Kariangau Container Seaport.
"Todays inauguration is a result of the trade stability between Indonesia and Sweden," the Ambassador noted here on Friday.
Skogg stated he has encouraged several Swedish companies to invest in Indonesia.
Volvo is a Swedish company that produces heavy machinery and vehicles, including luxury sedans.
Indonesias total value of exports to Sweden in 2012, which included textile products, frozen foods, coffee, tobacco, and raw materials, was US$180 million.
The countrys imports from Sweden in 2012 was worth US$723.6 million and the goods imported included telecommunication equipment, industrial machines, as well as mine and heavy construction machinery. (Uu.B019/INE/KR-BSR/H-YH)
Editor: Priyambodo RH
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