Tianjin Ruixin Technology, a manufacturing company from China is interested in investing in Batam, and predicted a very large investment value.
Tianjin Ruixin Technology Co Ltd, formerly Tianjin Ruixin Light Alloy Co Ltd, is a China-based company mainly engaged in industrial precision aluminum alloy components.
The Company’s products are mainly functional and structural components, such as power electric radiators, automation equipment and medical equipment precision components and automotive lightweight components, including inverter radiators, precision aluminum alloy motor housings, laser cutting machine components, aluminum alloy medical equipment side rails, car bumpers and others.
Getting close to customers
Guo Zhancang, Head of the Board of Directors of Tianjin Ruixin Technology said that the exploration of this investment is inseparable from the company’s desire to be close to customers, who operate in Batam, and wish to expand manufacturing outside of China.
Through its investment plan in Batam, it is predicted that it will open opportunities for long-term cooperation with Indonesia.
Guo explained that Tianjin Ruixin has serious intentions in investing in Batam and estimates that the value will be very large. However, it is unknown what will be invested, and what commodities will be produced.
“We plan to expand our product range worldwide and we believe Batam has a very strategic location. We really hope for support and comfort in investing in Batam,” he said.
A two-phase investment
The investment plan will be divided into two phases. The first stage, the semi-finished production process from China into finished goods. The second stage is processing raw materials into finished goods to be produced in Batam.
“We plan to start investing in Batam in a relatively short time, with a target that by the end of this year or next year we will be able to develop investment in Batam,” he continued.
Ariastuti Sirait, Head of Public Relations Promotion and Protocol Bureau of the Batam Free Trade and Free Port Zone (BP) Concession Agency said that Batam has a unique status in Indonesia, namely the Free Trade Zone and Free Port Zone (KPBPB) and Special Economic Zones (KEK) as well as ease of facilities and permits.
“BP Batam will of course fully support investment plans from companies from China. We believe that this investment will not only open up job opportunities, but will increase Batam’s competitiveness as an industrial city,” she said.
