Corning (www.corning.com) announced that its wholly owned subsidiary, Corning International Corporation, has acquired Siemens AG's 51-percent interest in an Indonesian manufacturer of optical fiber cable for telecommunications. The acquisition of shares in the equity company, which will operate under the name PT Communication Cable Systems Indonesia, is the result of Corning's acquisition in 2000 of Siemens AG's worldwide cable and hardware operations. Terms of the agreement were not disclosed.
The equity company was previously known as PT Siemens Kabel Optik (SKO). PT Trafindo Perkasa Tbk of Jakarta, Indonesia is the other shareholder, along with Mr. Marsini Adinegoro.
The Corning Cable Systems group, with headquarters in Hickory, NC, will manage Corning International Corporation's interest in the equity company. PT Communication Cable Systems Indonesia will continue to produce loose tube cable, all dielectric self-supporting optical ground wire, and submarine cables using Corning optical fiber.
Established in 1995, the Indonesian cable manufacturing facility is located in Cilegon, West Java. It employs approximately 70 people.
