Ferro To Build Plastics, Ceramics Plant In Indonesia

Ferro Corp. is reportedly cooperating with Indonesia's Sinar Mas Group to set up a plastics and ceramics factory with an investment of US$15 million. The plant will have initial output capacity of 1,000 tons from an installed capacity of 2,500 tons a year. Ninety percent of output will be sold domestically. Ferro senior deputy president RJ Finch said that despite the security and political instability in the country, Indonesia held much potential for his company.