Sunday, December 10, 2023

Tag: Manufacturing

PT Chery Sales Indonesia (CSI) is set to invest IDR 250 billion for the production of their first electric vehicle in Indonesia, the OMODA 5E. Currently, the electric car has already garnered 400 orders. […]
Hyundai Motor Company and PT Energi Makmur Buana (INVI), a subsidiary of PT Indika Energy Tbk. INVI, a new brand that distributes KG Mobility electric buses complete with charging stations, have entered into a collaboration to introduce electric buses, in a significant step toward advancing the electric vehicle landscape in Indonesia. […]
PT Adaro Minerals Indonesia Tbk (ADMR) is allocating a capital expenditure (Capex) of US$ 2 billion for the construction of an aluminum smelter, currently in its first phase.  […]
President Joko ‘Jokowi’ Widodo has announced Indonesia’s serious commitment to developing the electric vehicle (EV) ecosystem, stating that the country aims to start producing electric cars by next year. […]
Indonesian Chamber of Commerce (KADIN) and The Indonesian Iron and Steel Industry Association (IISIA) propose a major plan to acquire metal mining companies in Latin America or Australia, aiming to secure the national steel raw material supply. […]
PT Katup Industri Indonesia inaugurated a valve manufacturing plant in Delta Silicon Industrial Area, West Java, with plans to invest US$ 20 million. […]
Jindal Stainless Ltd (JSL), India’s largest stainless steel producer, has decided to discontinue its operations in Indonesia due to unfavorable market conditions. […]
The Indonesian Iron and Steel Industry Association perceives an imbalance in the country’s iron and steel industry. Foreign investments are needed to address this gap. […]
PT Indika Energy Tbk (INDY), owned Chairman of the Indonesian Chamber of Commerce and Industry by Arsjad Rasjid, established a new company, PT Industri Baterai Nusantara (IBN), specializing in the production of EV batteries, with a registered capital of IDR 45 billion. […]
Redma Wirawasta, Chairman of the Indonesian Association of Fiber and Filament Yarn Producers, estimates that the value of illegal textile imports in 2022 reached US$ 2.94 billion (IDR 43 trillion). […]
The local cosmetics market in Indonesia has seen a significant decline. The government is now addressing the presence of imported goods on e-commerce and social commerce platforms. […]
Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment, revealed that Chinese electric vehicle (EV) manufacturer Geely, and BYD is interested in contributing to the EV ecosystem and development in Indonesia.  […]
Vietnam’s electric vehicle manufacturer, VinFast, is set to expand its presence into seven Asian countries, including Indonesia. The company plans to commence sales in Indonesia in 2024 and establish a factory by 2026. […]
PT Terang Dunia Internusa, an Indonesian electric motorcycle producer, has signed a collaboration agreement with Atroniq Berhad, the owner of the United Motors brand, to open retail stores, assembly plants, distribution centers, and product services in Malaysia. […]
PT Lotte Chemical Indonesia’s (LCI) petrochemical plant in Cilegon, Banten construction progress has reached 73%, with total investment for this ambitious project amounts to US$ 3.9 billion, approximately IDR  59.8 trillion. The construction will soon contribute to the slashing of petrochemical imports by 2027. […]
PT Merdeka Battery Materials Tbk (MBMA) signed an MoU with the Korea Development Bank (KDB). Through this agreement, the Korean and Indonesian governments will deepen bilateral cooperation in the use of key mineral resources, the battery raw material supply chain, and related industries. […]
Pertamina Lubricants, a subsidiary of the Pertamina Group specializing in commercial and trade, has ambitious plans to increase its market share in the African continent through three key strategies. […]
Vale Base Metals has pledged to invest US$ 10 billion (IDR 153 trillion) over the next decade to accommodate the rising demand for metals such as nickel and copper, essential for electric vehicle (EV) production in Indonesia. […]
Sichuan Hebang Biotechnology Co. (Hebang), a Chinese firm, has committed to a substantial investment of US$ 800 million (IDR 12 trillion) for a chemical production plant within the Java Integrated Industrial and Port Estate (JIIPE).  […]
MIND ID, Freeport and Antam will form a consortium to assist the development of Papua through impactful actions helping the government of Indonesia. […]
Sri Mulyani, Minister of Finance said that Indonesia has a great opportunity to reap benefits from the development of the global halal industry. However, various challenges still have to be faced. […]
PT PepsiCo Indonesia Food and Beverages (PepsiCo) returns to Indonesia and builds a IDR 3.04 trillion snack factory in Cikarang, West Java. […]
PT Mineral Industri Indonesia (MIND ID) is planning to focus on forming a consortium and looking for more partners in the construction of an electric vehicle battery factory. […]
Tianjin Ruixin Technology, a manufacturing company from China is interested in investing in Batam, and predicted a very large investment value. […]
Mitsubishi Motor Corporation (MMC) will increase its investment in Indonesia by IDR 5.7 trillion to increase production capacity in 2024. […]
Bahlil Lahadalia, Minister of Investment said that Chinese investors will start groundbreaking construction in North Kalimantan industrial area for 3 different industries. […]
The Indonesian government has made electronic devices one of the six manufacturing priorities in the rapidly growing industrial sector. […]
Foxconn will delay the construction of an electric vehicle (EV) factory in the Batang Industrial Area in Central Java, Indonesia due to internal problems. However, the company remains interested in making investment at the IKN. […]
The coal mining sector in Indonesia is experiencing a shortage of tires for heavy equipment. The condition is predicted to have an impact on production activities. […]
Global manufacturers starting raise interest in entering the Indonesian market due to its untapped potential. […]