#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.
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.
TOBA sets US$ 50-60 million Capex for 2023
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) - which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan - has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
Indonesia Investment Authority inks deal with CATL, CMB International on US$ 2 billion in EVs
Indonesia Investment Authority (INA), Contemporary Amperex Technology Co., Limited (CATL) and CMB International Capital Corporation Limited (CMBI) have signed a Memorandum of Understanding (MoU) to carry out investment, fund establishment and other cooperation in electric vehicle supply chain for US$ 2 billion.
PT PAL to work with multiple companies to build light attack ships and submarine lithium battery
State-owned ship builder PT PAL Indonesia has cooperated with PT Lundin Industry Invest, more popular as North Sea Boats, and Norwegian company Kongsberg to develop Light Attack Ship (KSR). The three companies signed a Memorandum of Understanding (MoU) on November 3, 2022, during 2022 Indo Defence Expo and Forum.
Wika Beton allocates IDR 250 billion in Capex for 2023
PT Wijaya Karya Beton Tbk, known as Wika Beton, is allocating Capex worth IDR 250 billion in 2023 that will be invested for the maintenance of factories and equipment. The company also plans to invest to increase the production capacity in 2023.
Gunawan Dianjaya Steel to build second plate mill factory
PT Gunawan Dianjaya Steel Tbk (GDS) is currently building its second plate mill factory (GDS II plate mill plant) using allocated Capex (Capital expenditure) of IDR 24 billion. The new factory is slated to be completed by the end of 2023.
Diamond Food prepares IDR 350 billion for factory expansion
Food and beverages company PT Diamond Food Indonesia Tbk (DMND) has prepared a capital expenditure (Capex) of IDR 350 to expand its factory in Cikarang, West Java.
Antam explores cooperation with EV battery global players
State-owned mining company PT Aneka Tambang (Antam) Tbk continues to explore cooperation with global players in the electric vehicles (EV) industry. The company has taken this measure to utilize the huge potential of EV industry's growth in the future.
Sorong develops fish cannery industry
West Papua has been developing a fish cannery industry in Sorong Special Economic Zone (SEZ) with an investment of IDR 1.67 trillion since 2020. The industry is part of the Investment Coordinating Board (BKPM)'s 47 national projects.
South Sulawesi expands copper recycling industry
South Sulawesi has been expanding a copper recycling industry facility, which is part of the Investment Coordinating Board (BKPM)'s 47 national projects, in Takalar regency. The investment worth about IDR 3.08 trillion in 2020.