Faltec to dissolve joint venture in Indonesia  [ Indonesia ]

Faltec Co., Ltd. announced that it has signed an agreement with PT. Classic Prima Carpet Industries to dissolve their Indonesian joint venture, PT. Faltec Classic Automotive Manufacturing. In accordance with this agreement, Faltec will sell its entire 60 percent share of the joint venture at a sales value of USD 14,400 in the middle of September 2014. Faltec Classic Automotive Manufacturing was...
<Aug 07, 2014>