"INDONESIA WILL BE THE ONLY PRODUCTION BASE FOR TOSHIBA LCD TV IN ASIA AND OCEANIA,"

Indonesia Becomes Toshiba Production Hub In Asia

JAKARTA, Feb 2 (Bernama) -- Japanese electronics giant Toshiba has picked up Indonesia as its regional production hub for liquid crystal display (LCD) television set and has relocated its Vietnamese factory to Indonesia, a local media reported here Tuesday.

"Indonesia will be the only production base for Toshiba LCD TV in Asia and Oceania," President Director PT Toshiba Consumer Product Indonesia (TCPI), Yuzo Tsuchiya quoted by the Jakarta Post as saying, reports Xinhua news agency.

The director said that the relocation of the firm's factory from Vietnam to Indonesia, was expected to boot monthly production by over 50 percent to 100,000 unit this year.

The product would be marketed in the region, he said.

The firm would increase the number of workers employed from 750 to 1,200 people.

Toshiba has invested some US$156,6 million in Indonesia since it opened shop in 1995.

Indonesian Industry Minister MS Hidayat said that Toshiba planned to add some US$35 million investment in the country.