#Manufacturing
IBC develops Electric Vehicle ecosystem
Electric Vehicle (EV) battery holding company Indonesia Battery Corporation (IBC) is taking a close look to two foreign potential partners in developing EV upstream and downstream industries.
Indonesia welcomes partnership in vaccines, biosimilars, medical supplies
State-owned pharmaceutical holding company PT Bio Farma is welcoming partners in developing vaccines, biosimilars, herbal medicines, medical supplies and other pharmaceutical products.
Indonesia to import 60,000 tons of lithium from Australia and offers involvement in battery production
Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, openly discussed the Indonesian government's plan to import 60,000 tons of lithium from Australia. This move is aimed at supporting Indonesia's ambition to become the "King" of electric vehicles worldwide.
VKTR cooperates with SOEs INKA, Barata to produce EV components
Bakrie & Brothers subsidiary, PT Vektr Teknologi Mobilitas (VKTR), has signed a Head of Agreement with state-owned heavy equipment manufacturers of PT Industri Kereta Api (PT INKA) and PT Barata Indonesia to produce electric vehicle components. INKA Finance, Human Resource and Risk Management Director Andy Budiman, VKTR CEO Gilarsi W . Setijono and Barata Marketing Director Sulistyo Handoko signed the agreement in Gresik, East Java, on September 15, 2022.
Antam, IBC to develop battery for electric vehicles industry
State-owned mining company PT Aneka Tambang Tbk (Antam) is developing a plant and smelter to process Mix Sulphide Precipitate (MSP) as a raw material to produce precursors or cathodes for electric vehicle batteries.
VKTR to go public by end of November 2022
PT Vektr Teknologi Mobilitas (VKTR), a PT Bakrie and Brothers Tbk (Bakrie Group) electric vehicle (EV) company, will do an Initial Public Offering (IPO) later in 2022.
Sorghum as a sustainable food source in Indonesia
Sorghum is a potential food source of the future currently being developed as an Indonesian sustainable food source through agribusiness. Its potential, considering the adaptability of the food source with low water requirements, could support the future food security of the country.
VKTR to provide West Java public transportation firm with electric buses
PT Vektr Teknologi Mobilitas (VKTR), a subsidiary of Bakrie and Brothers conglomeration, will supply electric bus fleet to West Java-owned enterprise PT Jasa Sarana. VKTR Chairman Anindya Bakrie said the company would provide solutions to reduce emissions from public transportation.
Inalum Operating to go public in 2023
Following the splitting off from its holding company MIND ID (Mining Industry Indonesia), PT Indonesia Asahan Aluminium (Inalum) Operating will launch an initial public offering (IPO) in 2023. MIND ID will be a separate legal entity as a strategic holding company while Inalum Operating will resume its role as a full-service operations company.
Indonesia to ban other raw mineral exports after nickel ore ban's success
Following the success of nickel ores export ban and the development of its downstream industry, the government will apply the same prohibition to ores such as copper, bauxite and tins.
Surveyor Indonesia verifies Freeport's smelter progress for export duty reduction
PT Surveyor Indonesia Tbk is verifying the progress of gold and copper mining company PT Freeport Indonesia (PTFI)'s smelter in Gresik, East Java. The verification is needed to decide if it has reached more than 30% progress as claimed by the Energy and Mineral Resources Ministry and the company itself. Based on the regulation, Freeport can secure export duty reduction from 5% to 2.5% if the progress on smelter is more than 30%.