# Pindad and Alfanar Company sign MoU for electric components joint venture

PT Pindad and Saudi Arabian Alfanar Company signed a memorandum of understanding to prepare a joint venture for producing electric components, including low and medium voltage switchgears. Pindad plans to invest up to Rp 68 billion.

- Type: Partnership
- Announced: 2017-11-10
- Where: Bandung, Indonesia
- Value: $5.00M (68.0B IDR)
- Status: announced
- Products: low and medium voltage switchgears, protection systems, substation and distribution automation systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Alfanar](https://endata.com/companies/16315.md) (partner)
- [PT Pindad](https://endata.com/companies/28062.md) (partner)

## Sources

- [en.tempo.co](https://en.tempo.co/read/913138/pindad-saudi-arabian-company-to-supply-electric-components), 2017-11-11: "We will begin joint production and marketing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.