#Manufacturing
Indonesia’s poultry industry expands with first-ever live chicken export to Singapore
Indonesia marked a new chapter in its trade relations with Singapore as it exported 23,040 live chickens, weighing a total of 41.46 tons on Saturday (13/5), according to the Indonesian Ambassador to Singapore Surya Pratomo.
FeNi and NPI taxes are being postponed to achieve equilibrium in sales volume prices
The government has decided to postpone Ferronickel (FeNi) and Pig Iron (NPI) taxes, because the government is waiting for a balance point between nickel sales volume and prices.
Antam and Hong Kong’s CBL in deal for Halmahera Industrial Park share transfer
Antam’s subsidiary, PT International Mineral Capital (IMC), and Hong Kong CBL Limited (CBL), a subsidiary of Ningbo Contemporary Brunp Lygend Co Ltd, have signed a Conditional Share Purchase Agreement (CSPA) to acquire the stake held by Antam in PT Feni Haltim, the operator of Halmahera Industrial Park.
Adaro mineral build aluminum refining facility to reduce Indonesia's dependence on imports
One of Indonesia's largest mining companies, PT Adaro Minerals Indonesia (ADMR), stated that it will focus on assisting Indonesia to advance the mineral downstream business by building an aluminum refining facility or smelter in North Kalimantan, which is targeted to start operating in Q2 2025.
New Balance expands production with IDR 1 trillion investment in West Java
American sportswear giant New Balance announced on Monday, May 8, 2023, the plan to expand its Indonesian operations by sourcing products to a seventh factory located in Cirebon, West Java. The new factory is expected to begin construction in August with the investment valued at more than IDR 1 trillion (US$67.9 million).
Vale Indonesia allocates US$ 580 milion for smelter projects in Pomalaa and Bahodopi
One of the largest nickel smelter company in Indonesia, PT Vale Indonesia Tbk (INCO) allocates US$ 580 million (IDR 8.43 trillion) in capital expenditure (Capex), which will be used for the development of smelters in Pomalaa and Bahodopi. The company hoped to increase both smelter's production capacity.
Indonesia revokes tax holiday incentives for new nickel smelter to promote hydrometallurgical investment
The government has started to revoke the tax holiday for new Rotary Kiln-Electric Furnace (RKEF) nickel smelters under the consideration that high grade nickel ore processing plants are sufficient and do not need to get tax holiday facilities.
Krakatau Steel export 30,000 tons of steel to Italy, records highest surplus in Indonesia's history
The largest state-owned steel company in Indonesia, PT Krakatau Steel (Persero) Tbk, successfully exported 30,000 tons of Indonesian steel to the Italian market. Steel commodity is currently the third largest export commodity in Indonesia.
Harita Nickel makes debut in Indonesia’s biggest IPO this year
Indonesian nickel company Trimegah Bangun Persada, also known as Harita Nickel, marks a new record in its trading debut after raising IDR 10 trillion (US$672 million) in the country’s biggest listing this year on Wednesday (12/4).
Dharma polimetal aims for 25% revenue growth in 2023 with focus on electric vehicles
PT Dharma Polimetal Tbk (DRMA), a leading manufacturer of metal products in Indonesia has set its sights on expanding its revenue by 25% this year. To attain this objective, the company has announced plans to invest IDR 500 billion (US$ 33.6 million) in Capital expenditures (Capex).
Indonesian pipe manufacturer plans to expand after succesful IPO oversubscription worth IDR 97 billion
Indonesian pipe manufacturer PT Multi Makmur Lemindo Tbk (PIPA) has announced plans to increase its revenue by 30% by expanding its business following a recent initial public offering (IPO). The company recently went public on the Indonesia Stock Exchange (IDX) and raised IDR 97.12 billion (US$ 6.5 million).
Astra International is setting Capex budget worth IDR 40 trillion, focus on UNTR
PT Astra International Tbk (ASII), one of the biggest publicly listed companies in the automotive sector, is allocating Capital expenditure (Capex) budget of IDR 40 trillion (US$ 2.7 billion) to develop its business.