#Manufacturing
Chandra Asri and INA develop chlor alkali plant for EVs industry
PT Chandra Asri Petrochemical Tbk (Chandra Asri), Indonesia's largest integrated petrochemical company, and the Indonesia Investment Authority (INA), have signed a Memorandum of Understanding (MoU) on collaboration to develop a world-scale chlor-alkali plant 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.
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.
House of Representatives member request Freeport to remove Tony Wenas from CEO position
A member of the House of Representatives requested PT Freeport Indonesia to remove the company's current Chief Executive Officer Tony Wenas from his position after the company failed to show commitment to meet the deadline for smelter construction.
Freeport speed up smelter construction ahead of copper export ban
PT Freeport Indonesia is gearing up to complete the construction of a copper smelter in Gresik, East Java, ahead of the government's plan to ban the export of copper ores and concentrate in June 2023.
PepsiCo, FrieslandCampina suspend palm oil sourcing from Astra Agro Lestari
PepsiCo and FrieslandCampina have suspended imports from Astra Agro Lestari (AAL), Indonesia's second-largest palm oil company, following an investigation into environmental and human rights violations committed in Central and West Sulawesi, Indonesia. The US and Dutch multinationals are the latest in a long line of consumer brands to cut ties with the company.
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.
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.