#Manufacturing
Saudi giant company seeks Indonesian partnership to build tire factory
The largest tire company in Saudi Arabia Kingdom Tyres invites Indonesian companies to build a tire factory in the industrial city of Yanbu, Saudi Arabia.
Indonesian banking sector boosts green financing and EV credits
The Indonesian banking sector is becoming more proactive in promoting green financing as part of achieving sustainable development. One of their efforts involves endorsing the disbursement of loans specifically for electric vehicles (EV).
US EXIM Bank approves US$99.7 million loan for Balikpapan refinery project
US EXIM Bank has finally granted loan disbursement worth US$99.7 million for the Refinery Development Master Plan (RDMP) operated by Pertamina subsidiary PT Kilang Pertamina Balikpapan.
Paneltech US Corp to establish waste-to-building materials factories in Indonesia
A California-based company Paneltech US Corp aims to invest in managing waste into environmentally friendly building materials in Indonesia. With a focus on green technology, the company intends to build factories in Yogyakarta and Bali - as pilot projects.
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.