#Manufacturing
Chandra Asri builds EV Battery Raw Material Plant, Invests Rp12.45 Trillion
PT Chandra Asri Pacific Tbk. (TPIA) is set to construct a Chlor Alkali-Ethylene Dichloride (CA-EDC) plant that will produce a key raw material for electric vehicle (EV) battery pack components – caustic soda, totaling 400,000 tons per year. The construction of this new plant is scheduled to begin in early 2024, with Chandra Asri allocating US$800 million or approximately Rp12.45 trillion for the project, which is expected to take 28 months.
Gas producer SBMA plans massive business expansion in 2024
Gas producer PT Surya Biru Murni Acetylene (SBMA) is massively boosting this year its business expansion, particularly in Kalimantan and Eastern Indonesia, due to strong market share.
VKTR starts construction of EVs production facility
PT VKTR Teknologi Mobilitas Tbk (VKTR) signed a construction agreement with its affiliated company, PT Bakrie Construction, on 18 December 2023 for industrial and office construction works and services at VKTR's facility in Tempurejo Village, Tempuran Sub-district, Magelang Regency, Central Java.
Indonesia’s ESB and STI partner with Malaysia’s Gentari for EV Ecosystem
PT Energi Selalu Baru (ESB) and PT Semolis Teknologi Indonesia (STI), subsidiaries of PT NFC Indonesia Tbk (IDX: NFCX), and PT M Cash Integrasi Tbk (MCAS) have set up partnership with Gentari Green Mobility Sdn Bhd, a Malaysian clean energy solutions provider, for Electric Vehicle Ecosystem development.
Chinese EV battery manufacturer CBL to invest US$ 420 million in Indonesia
Chinese electric vehicle (EV) battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to make a significant investment in Indonesia, Luhut Binsar Panjaitan, the Coordinating Minister for Maritime and Investment Affairs, announced that CBL has agreed to invest approximately US$ 420 million (IDR 6.5 trillion) in the country.
BYD Chinese EV manufacturer plans entry into Indonesia automotive market
BYD Chinese technology and electric vehicle (EV) manufacturer has expressed its readiness to enter the Indonesian automotive market by selling passenger cars in the first half of 2024.
HIMKI collaborates with a Chinese machinery manufacturer to enhance global competitiveness
The Association of Indonesian Furniture and Handicraft Industries (HIMKI) has forged a strategic alliance with a leading Chinese manufacturer specializing in Woodworking Machinery and advanced technology hardware.
Indonesia's first titanium smelter in Bangka reaches 75% completion
Indonesia is set to have its first titanium smelter, which is currently under construction in Bangka Regency, Bangka Belitung Islands. The progress of this project has reached 75%.
Chery invests IDR 250 billion in Indonesia for electric vehicle production
PT Chery Sales Indonesia (CSI) is set to invest IDR 250 billion for the production of their first electric vehicle in Indonesia, the OMODA 5E. Currently, the electric car has already garnered 400 orders.
Indonesia aims to produce electric vehicles by 2024, targeting 600,000 units by 2030
President Joko 'Jokowi' Widodo has announced Indonesia's serious commitment to developing the electric vehicle (EV) ecosystem, stating that the country aims to start producing electric cars by next year.
KADIN and IISIA plan strategic acquisitions for steel raw materials in South America and Australia
Indonesian Chamber of Commerce (KADIN) and The Indonesian Iron and Steel Industry Association (IISIA) propose a major plan to acquire metal mining companies in Latin America or Australia, aiming to secure the national steel raw material supply.
Jindal Stainless, India's largest stainless steel producer set to leave Indonesia
Jindal Stainless Ltd (JSL), India's largest stainless-steel producer, has decided to discontinue its operations in Indonesia due to unfavorable market conditions.