Tsuneishi Holding plans to invest in Indonesian shipbuilding industry

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JAKARTA (rambuenergy.com) – Tsuneishi Holding, the seventh largest shipbuilding company in Japan, plans to invest in growing shipbuilding industry in Indonesia. In the first stage, the company would focus on ship repairing business with initial investment of US$40 million.

Chairman of National Investment Coordinating Board (BKPM) Franky Sibarani, who was visiting Japan early this week, said the plan to set aside funds indicated the Japanese company’s seriousness in investing in Indonesia.

Sibarani recommended five potential locations for Tsuneishi Holding to build its ship repairing business, namely Lampung, Lamongan, Surabaya, Makassar and Manado.

Chairman & President of Tsuneishi Holding YasuharuFushimi said that his company plans to invest in two phases. In the first phase, the company will provide ship repairing business and in the second phase it will enter shipbuilding business. “We see quite big opportuntities to develop shipbuilding business in Indonesia,” he was quoted by state news agency Antara as saying.

Tsuneishi has established shipyards in Cebu (Philippines), Zoushan (China) and Paraguay.