Tyre firm Maxxis has support in high places for its plan to build a factory in Indonesia to supply motorcycles, cars and light trucks.
The country’s newly elected president, Joko Widodo, has pledged his backing for the development.
Maxxis reports that Mr Widodo has told the company that he plans to “enhance the environment for investment in Indonesia, and will ensure that the country’s infrastructure supports foreign business ventures”.
The support was offered at a meeting between Mr Widodo and Maxxis president Dr Wally Chen.
Slated to begin construction in early 2015, the four-phase project will constitute an investment by Maxxis of US$400million. The factory will begin initial production in 2020 and is expected to employ 3000 people.