#Manufacturing
Aman Agrindo budgets IDR 50 billion for a new factory in Banten
Sugar plantation company PT Aman Agrindo Tbk (GULA) is budgeting Capital expenditure (Capex) in 2023 for about IDR 40-50 billion (US$ 2.6-3.3 million) for the construction and establishment of a factory in Banten.
Impack allocates IDR 280 billion of Capex to build new factory
Building material provider PT Impack Pratama Industri Tbk (IMPC) has allocated IDR 280 billion (US$ 18.3 million) Capital expenditure (Capex) in 2023 for the construction and development of one of its factories at the Batang Integrated Industrial Estate (KITB) in Batang regency, Central Java.
Indocement sets IDR 1.2 trillion Capex for refused derived fuel facilities
Indonesia's second largest cement producer PT Indocement Tunggal Prakarsa Tbk (INTP) has prepared a IDR 1.2 trillion (US$ 79 million) Capital expenditure (Capex) for 2023. Most of the Capex will be used to finance factory leases and add the refused derived fuel (RDF) facilities.
Kalbe Farma allocates IDR 1 trillion to achieve 15% growth target
Privately owned pharmaceutical company PT Kalbe Farma Tbk (KLBF) has allocated IDR 1 trillion (US$ 65.9 million) Capital expenditure (Capex) to achieve revenue growth of 15% or IDR 33 trillion in 2023.
Wijaya Karya Beton eyes IDR 8.6 trillion contracts on infrastructure projects
PT Wijaya Karya Beton Tbk (WTON), a subsidiary of state-owned construction company PT Wijaya Karya Tbk (WIKA), has eyed IDR 8.6 trillion (US$ 570.4 million) contracts to support the government's massive infrastructure projects.
Opportunities and risks faced by beauty giants in Indonesia
The cosmetic industry in Indonesia is growing at a fast pace, due to the rising consumers' demand and an expanding market for cosmetics. On average, the per capita consumer spending on cosmetics and toiletries in Indonesia amounted to US$ 20.2, statisca.com reported. The value is predicted to increase by US$ 7 by 2024, indicating sustained growth of the market.
Chinese company to invest US$ 3 billion in silica sand mining in Bangka-Belitung Islands
Bangka-Belitung Islands province's fame as a mining source of silica or quartz sand and rare earth minerals, has attracted a Chinese company to invest US$ 3 billion.
BYD Group, Tesla in final stage to invest in Indonesia, Luhut says
The BYD Group of China and the US automotive and clean energy producer Tesla are in their final stage to invest in Indonesian electric vehicles (EVs) industry, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
40 biggest companies in Indonesia
A diverse range of companies in various industries, from natural resources and manufacturing to banking and telecommunications, plays a significant role in the Indonesian economy. These companies also serve as major employers in the country.
Sido Muncul expansion to East Africa
Indonesia's largest herbal medicince producer PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) has allocated IDR 197 billion (US$ 13 million) in its 2023 Capital expenditure (Capex)for market expansion, especially in East Africa.
Jasuindo eyes double-digit growth with IDR 90 billion Capex
Printing company PT Jasuindo Tiga Perkasa Tbk (JTPE) aims for an ambitious double-digit growth in 2023, supported by its 2023 Capital expenditure (Capex) worth IDR 90 billion (US$ 5.9 million).
Hartadinata to open 15 new stores in 2023
Jewelry store company PT Hartadinata Abadi Tbk (HRTA) will open 15 new stores in 2023 through its Capital expenditure of about IDR 50 billion.