Two major Japan-based electronics companies, Toshiba and Panasonic, have ceased all operational activities in their manufacturing plants in Indonesia. Toshiba has already closed its television manufacturing plant in Cikarang (West Java) and sold it to China-based Skyworth late last year. Reportedly, this was Toshiba's largest television manufacturing plant outside Japan. Meanwhile, Panasonic is to close its lighting manufacturing plants in Pasuruan (East Java) and Bekasi (West Java).

Lanjut baca ›

Intense competition in the electronics industry forced the management of Panasonic and Toshiba to restructure their businesses in Indonesia. Panasonic closed one factory (located in Cikarang, West Java) and merged two local units. Meanwhile, Toshiba sold its television and twin-tub washing machine manufacturing plant - also located in Cikarang - to China's Skyworth Group, one of the largest television sets producers in China (with the Coocaa brand) and listed on the stock exchange in Hong Kong.

Lanjut baca ›