#Manufacturing
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.
Selamat Sempurna targets Capex at IDR 150 billion to help raise sales by 10%
Automotive spare part producer PT Selamat Sempurna Tbk (SMSM) has set IDR 150 billion (around US$ 10 million) Capital expenditure (Capex) in 2023 for maintenance such as line balancing, engine rejuvenation and adding mould-die. It also targets an increase in sales to 10%.
Dharma Polimetal sets IDR 500 billion Capex for expansion
Automotive component company PT Dharma Polimetal Tbk (DRMA) has set its Capital expenditure (Capex) for 2023 at IDR 500 billion, which will be used to expand its subsidiaries.
AKR Corporindo sets IDR 250 billion Capex in 2023
Refined petroleum trading company PT AKR Corporindo Tbk (AKRA) has allocated IDR 250 billion in Capital expenditure (Capex) for 2023 to increase the company's profit growth.
Argha Arya Prima allocates IDR 80 billion Capex for equipment
PT Argha Karya Prima Industry Tbk (AKPI) sets its Capital expenditure (Capex) at IDR 80 billion to maintain machinery and production facilities for its plastic production.