“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, June 09, 2011

S Korean tire maker to invest Us$353 mln in RI

Antara News, Thu, June 9 2011

Related News

Jakarta (ANTARA News) - South Korean tire maker Hankook Tire will invest 353 million US dollars in Indonesia to build factories that are to employ a total of about 2,800 people by 2018.

"Building a factory in Indonesia which is in the middle of the global market is a decision that will be beneficial for the economy of Indonesia and also Hankook Tire," said CEO of Hankook Tire, Seung Hwa Suh, at the inauguration of a tire plant in Bekasi, West Java, on Thursday.

In the initial phase, he said, Hankook Tore will invest 353 million US dollars with an initial production capacity of about 6 million tires per year.

Hankook Tire also plans to have hired about 1,400 workers by 2014 and 2,800 by 2018.

"Hankook Tire is to make a strategic investment in Indonesia to meet the high demand for high-quality tires for its globally expanding business," he said.

Indonesia is considered a promising country because it is one of the world`s largest rubber producers with a total production of 2.92 million tons in 2010.

In addition, tire sales in Indonesia in 2010 increased by 23 percent from 2009, or approximately 49.5 million tires.

The factory which is worth a total of 1.1 billion U.S. dollars is planned to have four major production facilities covering an area of ​​60 hectares and will become an export base for the North American market and the Middle East as well as a regional hub for developing countries in Asia.

In addition to the factory in Bekasi, Hankook Tire also has two factories in South Korea, three factories in China, and one factory in Indonesia.

"The new plant will open an important opportunity for us to improve our global status into the top five," said Seung Hwa Suh.

Meanwhile, Minister of Industry, MS Hidayat expressed happiness for the fact that Hankook Tire has choosen Indonesia as a location to develop a global business strategy.

Head of Investment Coordinating Board (BKPM) Gita Wirjawan believe the investment will improve bilateral relations between Indonesia and South Korea.

Editor: Jafar M Sidik

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