#Manufacturing
MBMA plans IPO worth IDR 8.75 billion to fund nickel processing projects
PT Merdeka Battery Materials Tbk (MBMA), a nickel mining company, recently initiated its initial public offering (IPO).
Indonesian textile industry faces new threat as thrifting gains popularity
During the pandemic, the Textile Industry and Textile Products were one of the surviving business sectors. This sector plays an important role in the regional economy, creating a multiplier effect on the surrounding economy.
Cleo producer continues expansion using IDR 300 billion Capex
Bottled water company PT Sariguna Primatirta Tbk (CLEO) budgeted IDR 300 billion (US$ 19.5 million) Capital expenditure (Capex) in 2023 for its factory expansion in Lampung and Manado.
Indonesian Navy to have two Turkish-made rapid missile boats
The Indonesian Navy will soon have two Turkish-made Fast Missile Boats (KCR) to support the existing fleet of six missile boats produced by Indonesian State-owned shipbuilder PT PAL.
Siantar Top allocates IDR 430 billion Capex to raise production capacity in 2023
Snacks and consumer goods company PT Siantar Top Tbk (STTP) has allocated IDR 430 billion (US$ 28.14 million) Capital expenditure (Capex) in 2023 to add more machinery and working capital.
Sampoerna Agro budgets IDR 400 billion for 2023 Capex
Oil palm and rubber plantation company PT Sampoerna Agro Tbk (SGRO) has budgeted IDR 400 billion (US$ 26.2 million) for its 2023 Capital expenditure (Capex) for plantation development and fixed asset maintenance.
Sawit Sumbermas budgets IDR 1 trillion Capex to prep up production increase
Palm oil company PT Sawit Sumbermas Sarana Tbk (SSMS) has allocated IDR 1 trillion (65.6 million) Capital expenditure (Capex) in 2023 for planting plants and has targeted a 15% production increase.
Greenlabs biochemical startup seeks more funding for RnD, production
Greenlabs, a startup in sustainable biochemicals with valuation of IDR 75 billion (US$ 5 million), aims to increase plant-based oil for economic value and the welfare of oil palm smallholders in the future. The company seeks more investors to support its research and development (RnD) and production.
Astra Otoparts budgets IDR 500 billion Capex for business expansion, EV components
Automotive component producer PT Astra Otoparts Tbk (AUTO) has budgeted IDR 500 billion (US$ 32.92 million) Capital expenditure (Capex) to facilitate its work in the new type of Original Equipment of Manufacturer (OEM), implementation of digitization and automation. The company will also expand its business to the electric vehicle (EV) components.
Cerestar sets IDR 300 billion Capex to increase production capacity
Wheat flour producer PT Cerestar Indonesia Tbk (TRGU) has set a Capital expenditure (Capex) in 2023 worth IDR 300 billion (US$ 19.7 million) to increase its production capacity and sales.
Alcohol bill hinders the rise of domestic wine industry
The wine industry in Indonesia has seen a rise since the termination of the monopoly of wine imports by the government despite an ongoing effort by the House of Representatives (DPR) to deliberate a controversial alcohol prohibition bill.
Indonesia-China high speed train project costs swell to IDR 131 trillion
Indonesia and China have reached an agreement on the cost overrun for the Jakarta-Bandung High Speed Train (KCJB) project of US$ 1.2 billion, or IDR 18.24 trillion, from the previous estimation of IDR 113 trillion to IDR 131 trillion.