# VKTR signs construction agreement for factory expansion in Magelang

PT VKTR Teknologi Mobilitas Tbk signed a construction agreement with PT Bakrie Construction for a factory and office expansion in Magelang, Central Java, valued at IDR 180.07 billion, with completion targeted within 12 months.

- Type: Expansion
- Announced: 2024-01-03
- Where: Magelang, Central Java, Indonesia
- Value: $11.5M (180.1B IDR)
- Status: announced
- Products: electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [VKTR Teknologi Mobilitas](https://endata.com/companies/74765.md)
- [Bakrie Construction](https://endata.com/companies/74766.md) (partner)

## Sources

- [idnfinancials.com](https://www.idnfinancials.com/cn/news/48763/vktr-to-work-on-factory-expansion-with-bakrie-construction), 2024-01-03: "VKTR has signed a construction agreement with PT Bakrie Construction for a factory and office construction in Central Java."

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