Sort of. “Fender Indonesia” is not a separate factory. Fenders and Squiers are made in all three factory complexes in Indonesia - the same factory that makes Cort and Ibanez, also the other factory that makes ESP, Yamaha, Schecter and Supro; also the one that makes all the Samick partners like Hohner and Washburn. None of whom artificially limit materials by region like Fender does 
