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Article: ZETA GROUP'S EXPANSION HAMPERED BY MONETARY CRISIS
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- April 13, 1998
CopyrightCOPYRIGHT 1998 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Relying on his vast business experience with wide contacts abroad and close association with Bambang Trihatmodjo, who carries a great power as a son of the president in the country, Johannes Kotjo, better known only as Kotjo, has succeeded in establishing a business empire of his own.
Many have called Kotjo a Jack-of-all-trades turning anything he touches into gold. Now Kotjo, a former executive in the Salim Group, has jacked up himself to the ranks of big tycoons closing in on his former big boss Sudono Salim.
In 1995, for example, he transformed PT Mayatexdian, a textile company technically bankrupt, into 'super' APAC Centertex Corporation, a healthy ...