#Manufacturing
Six companies launch operations in Batam, investing US$800 million, and creating 13,000 jobs
Coordinating Minister for Economic Affairs Airlangga Hartarto officially inaugurated the operations of six renewable energy companies in the Wiraraja Industrial Zone in Batam, on Monday (5/6).
Hyundai begins building EV battery assembly plant in Cikarang Bekasi
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). The plant is scheduled to start operations in March 2024.
Blue Bird considers China’s BYD over Tesla as EV supplier
PT Blue Bird Tbk plans to procure the majority of its future electric vehicle (EV) fleet from China’s BYD, the world’s second-largest manufacturer of EVs, after US-based Tesla. This decision was made after Blue Bird conducted negotiations with BYD and Tesla.
New investment in domestic EV battery production to boost Indonesia's economy
Investment totaling IDR 134.7 trillion will be directed towards the production of electric vehicle (EV) batteries within the country, according to Minister of Investment Bahlil Lahadalia.
Volkswagen to conduct feasibility study for US$5 billion plant in Indonesia
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, a senior government official said.
Jokowi reopens sea sand exports after a 20-year ban, drawing criticism from environmentalists
Indonesian President Joko “Jokowi” Widodo issued Government Regulation (PP) No. 26 of 2023 concerning the Management of Sedimentation Products in the Ocean (PP 26/2023).
China’s FAW Trucks expands to South Sumatra
The Chinese mining industry vehicle manufacturer in Indonesia, First Automobile Works (FAW) Trucks, has set its sights on expanding into the province of South Sumatra.
EV subsidy receives criticism from House of Representatives
The government's subsidy program for electric vehicles (EV) has faced criticism from multiple parties in the House of Representatives (DPR).
South Korean cigar company to build factory in Pasuruan Industrial Estate
The largest industrial area in East Java, Pasuruan Industrial Estate Rembang (PIER), welcomes South Korean investors through PT Cell Corp Indonesia, a company specializing in the cigarette industry.
Indonesia’s export market suffers as China’s demand slumps
Indonesian exports witnessed a significant drop last month, but a substantial decline in imports allowed the country ro maintain a trade plus, reflecting the adverse impact of a weakened global economy on trade flows.
Technicoflor Indonesia builds environmentally friendly perfume factory, strengthen its presence in Southest Asia
French perfume production company, Technicoflor, announces establishment of cutting-edge perfume factory in Indonesia, strengthening its expansion in the South East Asia market. The company currently operates in multiple countries, including France, China, the United Arab Emirates (UAE), and Indonesia.
Government to introduces CPO commodity exchange for exporters
The Commodity Futures Trading Supervisory Agency (Bappebti) of the Trade Ministry will launch the Crude Palm Oil (CPO) commodity exchange in June.