ASIATODAY.ID, BATAM – PT Volex Indonesia, a British company owned by the Rothschild conglomerate, disbursed investment worth US$ 40 million to expand its business with the inauguration of its third factory in the Sekupang Industrial Area, Batam, Riau Islands, Sunday, August 4 2024.
Volex is a company engaged in manufacturing electronic cables and connectors. Tesla is one of the large companies that supplies electric charger cables from Volex.
Volex also serves a wide range of markets and customers with special expertise in cable assembly, advanced assembly, data center data and connectivity, including electric vehicle charging and consumer electric products.
Grand Opening of New Building 3 PT. Volex Indonesia was attended directly by the Minister of Defense and President-Elect of Indonesia, Prabwo Subianto accompanied by the Governor of the Riau Islands, Ansar Ahmad.
Also seen were the Chairman of Volex, Mr Lord Rothschild, Hashim Djojohadikusumo, the Head of the Riau Islands Regional Police Inspector General Yan Fitri Halimansyah, the Mayor of Batam Muhammad Rudi, and the Management of PT Volex Indonesia.
The inauguration was marked by the signing of an inscription by Prabowo Subianto and the Governor of the Riau Islands, Ansar Ahmad, accompanied by the Chairman of Volex Indonesia, Mr Lord Rothschild.
Prabowo Subianto said he was very proud of the inauguration of the third building of PT Volex Indonesia. This shows that this company continues to experience progress and development in its production.
“Moreover, earlier I was taken on a tour to see various production products, all to meet foreign export needs. More than that, the production itself has been recognized as having adequate quality,” said Prabowo.
Prabowo is optimistic that, as a company that has been active for a long time in Batam City and various countries in the world, and under Mr Lord’s direct policies, Volex will continue to develop into an advanced and modern industry.
“Moreover, I continue to be committed to supporting the progress of the industrial sector in various fields. Because with the superiority of both natural and human resources, our country will be able to grow into an advanced and competitive industrial country. Batam City is one of the areas where Indonesia’s industry is progressing,” ” he stressed.
Prabowo Subianto did not forget to praise the political leadership in Batam City and the Riau Islands Province which is very compact and harmonious so that Batam City can continue to be an investment destination city, especially for foreign countries that will invest in Indonesia.
Meanwhile, Volex Asia Pacific (APAC) General Manager Tan Chiang Peng said that his party invested US$40 million to build this third building.
He explained that Volex produces various electronic products, for example high-speed cables, cables for charging electric vehicles and so on.
“That’s why Volex is called a Hybrid Factory. The current investment is tens of millions of dollars. In the future, we will invest even more,” he said.
Currently, PT Volex Indonesia employs around 2,900 employees. That number is likely to continue to increase, because this new building is twice the size of the old building.
Tan Chiang Peng also expressed his gratitude to BP Batam for its full support so far.
Some of the mainstay products produced by Volex are various types of cables, such as cables for data centers, charger cables for electric motorbikes and have been exported to the US, household electrical cables (consumer products), televisions-blenders-rice cookers, and cables. for high temperatures.
“We can make various types of cables for various export customers. Apart from that, we also make electric vehicle charger cables for countries in North America, one of which is our partners Tesla, General Motors, Audi, Hyundai. We are a global supplier, whose goal is exports to Asia, Europe and America,” he explained.
Volex also plans to make two-wheeled electric vehicle charging cables for Indonesia. This plan will be realized in collaboration with the National Research and Innovation Agency (BRIN).
“That is a future development plan,” he added. (ATN)
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