President-elect of Indonesia Supports New Maxxis Project

In a meeting in Jakarta this week with company officials, Indonesia’s newly elected president promised support for Maxxis’ planned factory in the country. Accompanied by members of the company’s Indonesia management team and a representative of Taipei’s Economic and Trade Office in Jakarta, Maxxis President Dr. Wally Chen met with President-elect Joko Widodo September 29. 

Known throughout Indonesia as Jokowi, Mr. Widodo told the group that he plans to enhance the environment for investment in Indonesia, and will ensure that the country’s infrastructure supports foreign business ventures. He also promised to assist Dr. Chen and his team in overcoming any obstacles to the building of Maxxis’ new factory. Dr. Chen had earlier begun the one-hour meeting by congratulating Mr. Widodo on his victory in the election and briefing the president-elect on the Maxxis project. 

Concluding in 2019, the four-phase project will constitute an investment by Maxxis of US$400 million. Slated to begin construction in early 2015, the factory will begin initial production the following year and is expected to eventually employ 3,000 people. The new factory will produce tires for passenger cars and light trucks, and will also manufacture tires and tubes for motorcycles. Mr. Widodo, who is scheduled to take office in October, said that he would be happy to attend the factory’s grand opening in 2016. 

Maxxis is grateful for the support of Mr. Widodo, and looks forward to a mutually profitable and beneficial relationship with the government and people of Indonesia for many years to come.