#Manufacturing
Ministry targets US$ 340.6 billion investment in base metal industry by 2029
The Ministry of Industry has targeted a total investment in the base metal industry of US$ 340.6 billion (IDR 5,353 trillion) by 2029.
Chinese medical equipment manufacturer set up plant in Indonesia
PT Virtue Diagnostics Indonesia says the establishment of an In Vitro Diagnostics (IVD) medical equipment manufacturing plant can significantly reduce Indonesia's import dependence in the future.
Chandra Asri appoints OCBC as advisory bank for US$600 million loan
Chandra Asri Group has appointed Singapore-based bank OCBC as advisory bank as well as mandated Lead Arranger and Bookrunner for its USD600 million multi-currency term loan facility.
Chinese company to build EV battery factory in Morowali in 2025
The Indonesian government's dream of managing natural resources from the earth's content to the final product, known as downstreaming, has started to become a reality in Morowali Regency, Central Sulawesi.
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.
Indonesian manufacturing sector outperforms South Korea, Brazil
Minister of Industry Agus Gumiwang Kartasasmita praises the Indonesian manufacturing industry's remarkable growth surpassing the average growth of other countries, including South Korea and Brazil.
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.