Flag carrier Garuda Indonesia (GIAA) plans to set up a new entity engaging in manufacturing business, producing tire in Indonesia. I Gusti Ngurah Askhara Danadiputra, GIAA’s President Director, said that its investor CCCC (China Communication Construction Company), a big Chinese state-owned firm, is ready to build a tire factory with agreed allocated fund of US$500 million (equivalent Rp7.5 trillion).
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