#Manufacturing
Indomobil Sukses to spend IDR 2 trillion of Capex on rental services development
Automotive distributor PT Indomobil Sukses Internasional Tbk has planned to spend IDR2 trillion of capital expenditure (Capex) to further develop its car rental services, logistics and other business sector.
Central Omega keeps on focusing on smelter development
Publicly listed nickel miner PT Central Omega Resources Tbk is focusing on domestic mining and the development of its second smelter factory in North Morowali, Central Sulawesi in July 2022. The company will also export its products to China, the biggest nickel importer in the world.
VKTR, TNS sign MoU on nickel ore supply for electric vehicles
PT VKTR Teknologi Mobilitas (VKTR) and PT Tambang Nickel Central Sulawesi (TNS) signed a memorandum of understanding (MoU) on July 19, 2022, in Palu, Central Sulawesi, on nickel ore supply. The nickel ore will contribute to the development of electric vehicle (EV) ecosystem in Indonesia.
Freeport, Linde sign contract on high-purity industrial gas supply
PT Freeport Indonesia, the leading mining company in Indonesia, signed an agreement on high-purity industrial gas with PT Linde Indonesia on July 20, 2022. Linde will invest over US$100 million to build, own and operate the air separation unit (ASU) on the Manyar smelter plant in Gresik, East Java, to supply oxygen and nitrogen.
Intanwijaya Internasional to increase its factories' production capacity
PT Intanwijaya Internasional Tbk, chemical industry producer, has budgeted its capital expenditure (Capex) for 2022 worth IDR8 billion to maintain the operational productions of its facilities and raise production capacity to meet its sales target of IDR450 billion.
Akasha Wira International to relocate factory
PT Akasha Wira International Tbk, the producer of bottled mineral water Nestle Pure Life and Vica Royal as well as Makarizo hair products, will relocate its cosmetics factory from Pulo Gadung in East Jakarta to Gunung Putri in Bogor to increase its production capacity.
Panca Anugrah Wisesa focuses on wall paneling, showrooms
Luxury furniture maker and interior appliances PT Panca Anugrah Wisesa Tbk is looking forward to create a new business in wall paneling in 2022. The company also focuses on expanding its showrooms in Surabaya, Pantai Indah Kapuk (PIK) in North Jakarta and another location which will be decided later.
Perma Plasindo focuses on developing e-filing technology
PT Perma Plasindo Tbk, which manufactures high quality office equipment under the brand Bantex, has set company strategy in 2022. Among the strategies are to increase its production capacity, strengthen its distribution network, provide timely and appropriate services, improve quality and maintain the company's management performance and develop e-filing technology.
Tifico keen on improving supply chain due to disruptions
Polyester chip producer PT Tifico Fiber Indonesia Tbk has been facing global supply chain disruption as of the first quarter of 2022, forcing the company to reduce its Capex and make strategic policies.
Mayora prepares Capex of IDR2 trillion to develop wafer, biscuit factory
Publicly listed food company PT Mayora Indah Tbk was optimistic that the company's performance would continue to grow this year despite challenges from the ongoing COVID-19 pandemic.
Indo-Rama sets eyes on gold, silver mining
Indonesian textile company PT Indo-Rama Synthetics Tbk is diversifying its business to gold and silver mining.
NELY purchases new vessels, seeks renewable energy diversification
Shipping company PT Pelayaran Nelly Dwi Putri Tbk (NELY) has allocated around IDR200 billion of investments in 2022 to raise the number of its fleet and looks for opportunity in renewable energy sector.