Established company name PT. Naga Pacific with capital IDR 7.500.000.000,-
Company had a joint venture with Sumiko Tec Co.,Ltd, Japan to established Factory in Indonesia named PT. Sumiko Tec Pacific which producing terminals for automotive industries and terminals for electronic home appliance industries.
PT. Naga Pacific take over shares of Sumiko Tec Co., Ltd, Japan in PT. Sumiko Tec Pacific. After taking over the Company name PT. Sumiko Tec Pacific changed to PT. Star Tec Pacific. As for now, PT. Naga Pacific had 98% shares of PT. Star Tec Pacific.
The Company made another investment into PT. SMEP Pacific, which produce relay, switch parts, electronic contact for switches, precision stamping products of general electronic parts and terminals for motorcycle and general electronic appliance.