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Indonesian firm wins $630m contract

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October 27, 2008

China-Asean Expo:
Indonesian firm wins $630m contract

An Indonesian company participating in the fifth China Asean Expo (CAEXPO) in Nanning has won a contract worth US$630 million to supply China with food products, reported Indonesian daily the Jakarta Post.

CAEXPO vice secretary general Li Jinzao announced the news at the closing ceremony of the exposition on Saturday at the capital of the autonomous province of Guangxi as quoted by However, he did not disclose the name of the company.

Jinzao said the fifth expo recorded total trade transactions worth $1.6 billion between China and Asean countries.

The expo also saw 31 business promotion programs, which produced 136 business investment contracts worth $6.3 billion or up by 3.41 percent compared to the total value of investment contracts made in last year’s expo.

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