Friday, February 3, 2023

Tag: Manufacturing

The cosmetic industry in Indonesia is growing at a fast pace, due to the rising consumers’ demand and an expanding market for cosmetics. On average, the per capita consumer spending on cosmetics and toiletries in Indonesia amounted to US$ 20.2, statisca.com reported. The value is predicted to increase by US$ 7 by 2024, indicating sustained growth of the market.  […]
Bangka-Belitung Islands province’s fame as a mining source of silica or quartz sand and rare earth minerals, has attracted a Chinese company to invest US$ 3 billion. Acting Governor of Bangka Belitung Islands and the Ministry of Energy and Mineral Resources’ Director General of Minerals and Coal, Ridwan Djamaludin, said Chinese solar panel producer Xinyi Solar Energy Holding Co., Ltd., has shown its […]
Electronics and technology company PT Galva Technologies Tbk (GLVA) has allocated IDR 80 billion (US$ 5.34 million) Capital expenditure (Capex) in 2023 to achieve the targeted growth rate of 20%-30%. […]
Publicly listed heavy machinery distributor PT Intraco Penta Tbk (INTA) is allocating IDR 84 billion (US$ 5.7 million) Capital expenditure (Capex) for 2023 for the procurement and modernization of equipments. […]
The bread industry in Indonesia has seen an increasing demand in the past years. The market is driven by the rising disposable incomes and changing consumer preferences for convenience and healthy eating. Various types of bread also have become a source of high revenue due to the rising growth. […]
The BYD Group of China and the US automotive and clean energy producer Tesla are in their final stage to invest in Indonesian electric vehicles (EVs) industry, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan. […]
A diverse range of companies in various industries, from natural resources and manufacturing to banking and telecommunications, plays a significant role in the Indonesian economy. These companies also serve as major employers in the country. […]
Indonesia’s largest herbal medicine producer PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) has allocated IDR 197 billion (US$ 13 million) in its 2023 Capital expenditure (Capex) for market expansion, especially in East Africa. […]
Printing company PT Jasuindo Tiga Perkasa Tbk (JTPE) aims for an ambitious double-digit growth in 2023, supported by its 2023 Capital expenditure (Capex) worth IDR 90 billion (US$ 5.9 million). […]
Jewelry store company PT Hartadinata Abadi Tbk (HRTA) will open 15 new stores in 2023 through its Capital expenditure of about IDR 50 billion. […]
Automotive spare part producer PT Selamat Sempurna Tbk (SMSM) has set IDR 150 billion (around US$ 10 million) Capital expenditure (Capex) in 2023 for maintenance such as line balancing, engine rejuvenation and adding mould-die. […]
Automotive component company PT Dharma Polimetal Tbk (DRMA) has set its Capital expenditure (Capex) for 2023 at IDR 500 billion, which will be used to expand its subsidiaries. […]
Refined petroleum trading company PT AKR Corporindo Tbk (AKRA) has allocated IDR 250 billion in Capital expenditure (Capex) for 2023 to increase the company’s profit growth. […]
PT Argha Karya Prima Industry Tbk (AKPI) sets Capital expenditure (Capex) at IDR 80 billion to maintain machinery and production facilities for its plastic production. […]
As 86.7% of the country’s population is registered Muslim, the halal market trends in Indonesia tends to increase significantly, especially these past 10 years. The country is now known as the world’s largest domestic halal economy market. The most potential halal products are food, beverages, Muslim clothing, cosmetics, and halal tourism. […]
Prior to becoming a seasoned politician, Muhammad Jusuf Kalla, popularly known as JK, has built his reputation as a noted businessman from Makassar, South Sulawesi. He helped expand his family business empire from a humble textile company into its present state, which interests range from car distributor to power plant. […]
Mining company PT Golden Eagle Energy Tbk (SMMT) is optimistic to increase its coal production target by 15% to 20% in 2023, compared to the 2022’s production, due to its IDR 25 billion capital expenditure (Capex). […]
Steel plates producer PT Gunung Raja Paksi Tbk (GGRP) has allocated IDR 328 billion of capital expenditure (Capex) for 2023. The company will use the Capex to support the production of high-quality steel. […]
Nickel mining company PT Vale Indonesia Tbk will lower its capital expenditure for 2023 by allocating US$ 110 million for mining development, heavy equipment replacement and Bahodopi smelter block 1. […]
Packaging paper manufacturer PT Fajar Surya Wisesa Tbk has projected a US$ 20 million Capex for the construction of a new biogas facility for waste management and for maintenance. […]
PT Trisula Textile Industries Tbk has only managed to absorb Capex worth IDR 4 billion from an allocation of IDR 16 billion in September 2022. The Capex was for machine restructuring and additional equipment. […]
The Ministry of State-Owned Enterprises has planned to launch an IPO for its fertilizer company PT Pupuk Kalimantan Timur (Pupuk Kaltim) in the first semester of 2023. The IPO proceeds will finance the construction of a urea plant with a production capacity of 1.15 million tons and 1 million tons of methanol per year. […]
PT Steel Pipe Industry of Indonesia Tbk (Spindo) has prepared IDR 250 billion of Capex for 2023 for machine procurement and machine rejuvenation to reach its sales target of 500,000 by 2025. […]
PT TBS Energi Utama Tbk (TOBA) sets CAPEX for 2023 at US$50M-US$60M, to be allocated for further renewable energy development and EV vehicles. […]
Indonesia Investment Authority (INA), Contemporary Amperex Technology Co., Limited (CATL) and CMB International Capital Corporation Limited (CMBI) have signed a Memorandum of Understanding (MoU) to carry out investment, fund establishment and other cooperation in electric vehicle supply chain for US$ 2 billion. […]
State-owned ship builder PT PAL Indonesia has cooperated with PT Lundin Industry Invest, more popular as North Sea Boats, and Norwegian company Kongsberg to develop Light Attack Ship (KSR). […]
PT Wijaya Karya Beton Tbk, known as Wika Beton, is allocating Capex worth IDR 250 billion in 2023 that will be invested for the maintenance of factories and equipment. The company also plans to invest to increase the production capacity in 2023. […]
Indonesia hopes to be the sole producer of nickel-based products as it produces 853,000 tons or one-third of global output. One of the main nickel-based products is battery for electric vehicles. Despite the high potential, Indonesia should also deal with challenges coming from its policy on nickel mining and banning nickel export. […]
PT Gunawan Dianjaya Steel Tbk (GDS) is currently building its second plate mill factory (GDS II plate mill plant) using allocated Capex (Capital expenditure) of IDR 24 billion. The new factory is slated to be completed by the end of 2023. […]
Food and beverages company PT Diamond Food Indonesia Tbk (DMND) has prepared a capital expenditure (Capex) of IDR 350 to expand its factory in Cikarang, West Java. Diamond Food, founded in 1973, specializes in food manufacturing and distribution through its subsidiaries. Originally, the company was known for manufacturing ice cream under the Diamond trademark. […]