#Manufacturing
Halal product industry in Indonesia: A brief background and its challenges
As 86.7% of the country's population is registered Muslim, the halal market trends in Indonesia tends to increase significantly, especially these past 10 years. The country is now known as the world's largest domestic halal economy market. The most potential halal products are food, beverages, Muslim clothing, cosmetics, and halal tourism, according to a professor at the Bogor Agricultural University (IPB)'s School of Argoindustrial Technology Khaswar Syamsu.
Golden Eagle Energy to raise coal production target with IDR 25 billion Capex
Mining company PT Golden Eagle Energy Tbk (SMMT) is optimistic to increase its coal production target by 15% to 20% in 2023, compared to the 2022's production, due to its IDR 25 billion capital expenditure (Capex).
Gunung Raja Paksi allocates IDR 328 billion Capex for 2023
Steel plates producer PT Gunung Raja Paksi Tbk (GGRP) has allocated IDR 328 billion of capital expenditure (Capex) for 2023. The company will use the Capex to support the production of high-quality steel.
Vale lowers its 2023 Capex to US$ 110 million
Nickel mining company PT Vale Indonesia Tbk will lower its capital expenditure (Capex) for 2023 by allocating US$ 110 million for mining development, heavy equipment replacement and Bahodopi smelter block 1.
Fajar Surya Wisesa projects US$ 20 million Capex for biogas facility
Packaging paper manufacturer PT Fajar Surya Wisesa Tbk has projected a US$ 20 million Capex for the construction of a new biogas facility for waste management and for maintenance.
Trisula Textile absorbs IDR 4 billion of Capex in September 2022
PT Trisula Textile Industries Tbk has only managed to absorb Capex worth IDR 4 billion from an allocation of IDR 16 billion in September 2022. The Capex was for machine restructuring and additional equipment.
Pupuk Kaltim set for IPO in 2023
The Ministry of State-Owned Enterprises has planned to launch an IPO for its fertilizer company PT Pupuk Kalimantan Timur (Pupuk Kaltim) in the first semester of 2023. The IPO proceeds will finance the construction of a urea plant with a production capacity of 1.15 million tons and 1 million tons of methanol per year.
Spindo to prepare IDR 250 billion of Capex for 2023 toward machine procurement
PT Steel Pipe Industry of Indonesia Tbk (Spindo) has prepared IDR 250 billion of Capex for 2023 for machine procurement and machine rejuvenation to reach its sales target of 500,000 by 2025.
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.