Tag: Manufacturing

PT Hyundai Energy Indonesia held a groundbreaking ceremony for its electric vehicle assembly plant located in the Greenland International Industrial Center (GIIC) in Cikarang Bekasi Regency on Wednesday (31/5). Hyundai Energy aims to produce 21,000 units of battery system assembly (BSA) per year. […]

Blue Bird turned its attention to Chinese EV manufacturer BYD to provide electric cars. Previously, the taxi company sourced its electric cars from Tesla. […]

Investment totaling IDR 134.7 trillion will be directed towards the production of electric vehicle (EV) batteries within the country. […]

German car manufacturer Volkswagen (VW) intends to conduct a feasibility study in the coming months for the establishment of an US$5 billion-electric vehicle (EV) battery plant in Indonesia. The factory would not only produce electric vehicle battery but also electric cars. […]

China’s mining vehicle producer FAW Trucks will be expanding to South Sumatra as the mining industry in the region shows increase. […]

The government’s subsidy program for electric vehicles (EV) has faced criticism from multiple parties in the House of Representatives (DPR).  The DPR argued that the EV subsidy funds could have been allocated for other more impactful sectors. […]

South Korea investors through PT Cell Corp Indonesia to build a cigarette factory on a 10,000-square -meter area, with a total investment of US$5.5 million. Cell Corp’s investment showed that Indonesia is still an attractive market for the cigarette industry, even though there are already many players in the country. […]

The Indonesian export market declines as demands from China decreases. China’s zero-emission policy had a significant impact on coal demand within the country, subsequently affecting Indonesia’s coal exports. […]

Renowned French perfume company, Technicoflor Indonesia, announces establishment of cutting-edge perfume factory in Karawaci. The company plans to produce 10 tons of perfume per month in 2023. […]

The Commodity Futures Trading Supervisory Agency (Bappebti) of the Trade Ministry will launch the Crude Palm Oil (CPO) commodity exchange in June. However, the CPO for domestic transactions will not be subjected to the exchange. […]

Saudi Arabia’s largest tire company invites several Indonesian tire manufacturers to build a factory in Yanbu, Saudi Arabia. Demands of tires in Saudi Arabia continues to increase every year. […]

Indonesian banks are recording growth on electric vehicle financing. Looking ahead, they are optimistic about the opportunities for increasing financing for electric motor vehicles, in line with the growing demand from environmentally conscious consumers. […]

US EXIM Bank had previously withdrawn from disbursing the loan following protests from environmental organization and US President Joe Biden. However, the Bank finally decided to disburse the loan just as Biden was preparing to attend the G7 Summit in Hiroshima, Japan, on May 19, 2023.  […]

Paneltech US Corp will expand its operations by establishing factories in other regions across Indonesia. Indonesian Investment Minister Bahlil Lahdalia expressed a warm welcome to Paneltech US Corp’s investment in Indonesia. He further emphasized the potential of Paneltech technology and products in addressing waste management challenges, curbing carbon emissions, and mitigating deforestation. […]

Indonesia initiated its first export of live chicken to Singapore by exporting 23,040 live chickens, weighing a total of 41.46 tons. The opening of Singapore’s market for live chickens is expected to create a balanced production and supply, as well as improve the livelihood of farmers in Indonesia. […]

The government has decided to postpone the imposition of Ferronickel (FeNi) and Pig Iron (NPI) export taxes. In relation to the government’s plan to establish determine export taxes for Ferronickel and nickel pig iron, smelter businesses urged the government conduct an identification before imposing export taxes. […]

Antam’s decision to divest its shares in Halmahera Industrial Park is driven by the goal of developing the center of an integrated electric vehicle (EV) battery ecosystem in East Halmahera. CBL is known for its portfolio of developing and managing nickel industrial estates, suggesting that the industrial area will never be short of tenants. […]

PT Adaro Minerals Indonesia (ADMR) will be focusing on assisting Indonesia to advance the downstream mineral business by building an aluminum smelter in North Kalimantan, which is targeted to start operating in Q2 2025. The smelter will allow aluminum to be produced domestically and reduces dependency on import. […]

American sportswear company New Balance make more than IDR 1 trillion investment to construct a new factory in Cirebon. The factory will create 40,000 new jobs for local people. […]

PT Vale Indonesia Tbk (INCO) allocates US$ 580 million (IDR 8.43 trillion) in capital expenditure (Capex) for the development of smelters in Pomalaa and Bahodopi. The project is expected to increase production capacity and generate more profit for the company. […]

The government will revoke the tax holiday for new Rotary Kiln-Electric Furnace (RKEF) nickel smelters because of the overly intensive investment for the facility. The revocation is expected to attract investors to invest in other processes related to nickel and production of electric vehicle battery. […]

Indonesian state-owned steel company PT Krakatau Steel successfully exported 30,000 tons of steel to Italy. The company also recorded the highest surplus in Indonesian history, valued at IDR 900 trillion.. […]

PT Chandra Asri Petrochemical joint forces with Indonesia Investment Authority to develop a world class alkali plant in Indonesia. The plant is essential to improve Indonesia’s electric vehicle battery industry. […]

Harita Nickel successfully raised IDR 10 billion in what said to be the biggest IPO this year. The debut could boost sentiment surrounding upcoming IPOs in Indonesia, especially in relation to electric vehicle industry. […]

PT Dharma Polimetal Tbk, a leading manufacturer of metal products in Indonesia has set its sights on expanding its revenue by 25% this year. To attain this objective, the company has announced plans to invest IDR 500 billion (US$ 33.6 million) in Capital expenditures. […]

Indonesian pipe manufacturer PT Multi Makmur Lemindo Tbk (PIPA) has announced plans to increase its revenue by 30% through expansion of its business. The company projected to gain 200 to 300 billion profits from the development of IKN projects. […]

PT Astra International Tbk (ASII), allocates IDR 40 trillion (US$ 2.7 billion) to its business including its new subsidiaries. […]

PT Merdeka Battery Materials Tbk (MBMA) plans to hold its initial public offering (IPO) and is projected to make IDR 8.75 billion profit. […]

The textile industry has seen growth since the start of Covid-19, but is recently threatened by thrifting and imports of used clothing. […]

A member of the House of Representatives urged Freeport to remove Tony Wenas from CEO position for failing to finish smelter construction. […]