Petrof to produce cheaper pianos abroad in cost-saving move

Czech piano-maker Petrof plans to move part of its production abroad, with its cheaper instruments to be produced by a company in Indonesia, e15 reported on Monday. Production should begin in Indonesia in the second half of next year, the head of Petrof told the news outlet.

High energy costs and rising prices of material are the reasons for the move.

The company, based in the town of Hradec Králové, produced its first piano in 1864. It is one of Europe’s largest makers of acoustic pianos.