#Manufacturing
Mass production of electric vehicle batteries set to commence in Indonesia
Indonesia is poised to commence mass production of electric vehicle (EV) batteries starting from April 2024, a Special Staff to the Minister of Investment/Chairman of the Investment Coordinating Board (BKPM) has said.
Domestic medical device market share reaches US$2.2 billion per year
The Indonesian Medical Device Manufacturers Association (ASPAKI) assesses the potential of domestic medical device industry with a market share value reaching US$2.2 billion per year.
Indonesian PMI for February 2024 down from previous month
The Purchasing Managers' Index (PMI) for Indonesian manufacturing in February still reflects an expansive manufacturing sector although the country booked a score of 52.7, a slight decrease from January's 52.9. According to the S&P Global index, manufacturing production showed an upward trend in February, with growth rates remaining solid despite a decline compared to January.
A big global electric motorcycle manufacturer to invest in Indonesia
A big global electric motorcycle manufacturer from an Asian country has shown interest in investing in Indonesia, eyeing a manufacturing plant site in West Java’s Bekasi and Karawang regencies, an official with the Coordinating Ministry for Maritime Affairs and Investment said on Thursday.
VKTR initiates construction of Indonesia's First EV Completely Knock Down facility
PT VKTR Teknologi Mobilitas (VKTR), a subsidiary of the Bakrie Group, has commenced the construction of Indonesia's first Completely Knock Down (CKD) electric bus and truck facility.
Challenges to Indonesia's 7 percent economic growth target
Indonesia faces formidable challenges in achieving a 7-percent economic growth target, primarily due to the uncertainties in the global economy and inneficient imnvestment in the country, resulting in commodity price weakness. As of 2023, the Indonesian economy recorded a growth of 5.05 percent, a decline from the previous year's realization of 5.31 percent.
Indonesia should set up lithium ion battery factory: Expert
As the world’s largest owner of raw materials and resources, Indonesia should have lithium battery factory, an expert said.
Demand for nickel to continuously increase in the future: Experts
Experts and observers in the energy and mining industries have expressed their confidence on the prospect of nickel use in the future, while citing that this typical silvery metal with its corrosion resistant capacity at high temperatures is used in a variety of industries.
Raw material shortage threatens local tire production
Indonesia's domestic tire industry is entering a challenging period, marked by the potential closure of the South Korean tire factory, Hung-A, in Cikarang industrial complex, West Java.
Industry ministry targets manufacturing exports at US$193.4 billion in 2024
The Ministry of Industry aims for a manufacturing export performance growth of US$193.4 billion in 2024, an increase from realization of US$186.98 billion in 2023 that contributed 72.24 percent to the total national export value of US$258.82 billion. Still the 2024 export target is 9.26 percent lower than the US$206.07 billion achieved in 2022.
Govt asked to increase supervision on smelter's K3 implementation
Mining associations have called on the Indonesian government to increase its monitoring, supervision and evaluation on the implementation of occupational safety and health (K3) of workers at the operation site of nickel refinery PT Indonesia Tsingshan Stainless Steel (ITSS) following the deadly explosion late last year that killed 29 people and injured 50 others.
ILO, trade unions launch grievance applications for Indonesian garment workers
JAKARTA – The International Labour Organization (ILO), along with three trade unions on garment, on Sunday, May 26, 2024, launched a grievance application for the Indonesian garment workers.