Several German companies interested to invest in automotive component industry

Several German companies have expressed interest to invest in automotive component manufacturing industry using aluminum as its raw materials, state enterprises minister Rini Soemarno said.

“One of the companies is Rheinmetall Land System. We will discuss it further with them when I visit Germany later,” she said when asked for her confirmation about the news here on Sunday.

She said Rheinmetall Land is currently building cooperation with PT Pindad to produce defense and security equipment.

PT Pindad is cooperating with Rheinmetall Land System in overhauling, upgrading, servicing, maintenance and modification of a number of military combat vehicles.

The cooperation covers several products such as MBT Leopard 2 RI, Leopard 2 A4, AIFV Marder aA3 RI, Gunnery/Driving Simulator and others.

“But the big business that the company carries out also includes car components and many of them are exported across the world,” she said.

She said she would follow up Rheinmetalls plan to invest in Indonesia especially in aluminum car components.

“If they do decide to invest supply chain from upstream to downstream will be done by Indonesia,” she added.