#Manufacturing
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.
Domestic iron and steel industry calls for foreign investment to boost production
The Indonesian Iron and Steel Industry Association perceives an imbalance in the country's iron and steel industry. Foreign investments are needed to address this gap.
Ilegal textile imports in Indonesia estimated at US$ 2.94 billion prompting government action
Redma Wirawasta, Chairman of the Indonesian Association of Fiber and Filament Yarn Producers, estimates that the value of illegal textile imports in 2022 reached US$ 2.94 billion (IDR 43 trillion). Redma made this discovery by comparing trade records of Indonesian-Chinese textiles at the International Trade Center (ITC).
Local cosmetics market in Indonesia declines amid influx of imports
The local cosmetics market in Indonesia is currently experiencing a significant downturn. The government is now addressing the presence of imported goods on e-commerce and social commerce platforms.
Geely and BYD considering EV investment in Indonesia
Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment, revealed that Chinese electric vehicle (EV) manufacturer Geely, and BYD is interested in contributing to the EV ecosystem and development in Indonesia.
VinFast announces ambitious expansion into Indonesia's EV market
Vietnam's electric vehicle manufacturer, VinFast, is set to expand its presence into seven Asian countries, including Indonesia. The company plans to commence sales in Indonesia in 2024 and establish a factory by 2026.
President Jokowi's visit marks progress in Indonesia petrochemical industry, aims to end petrochemical imports by 2027
PT Lotte Chemical Indonesia's (LCI) petrochemical plant in Cilegon, Banten construction progress has reached 73%, with total investment for this ambitious project amounts to US$ 3.9 billion, approximately IDR 59.8 trillion. The construction will soon contribute to the slashing of petrochemical imports by 2027.