Tuesday, May 28, 2024

PT Katup Industri Indonesia invests US$ 12 million in valve manufacturing plant to reduce dependence on imports

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Journalist IBP

Journalist

Mahinda Arkyasa

Editor

Interview

Jacob Malloa, Chairman of PT Katup Industri Indonesia inaugurated a valve manufacturing plant in Delta Silicon Industrial Area, Cikarang, West Java, with plans to invest US$ 20 million.

PT Katup Industri Indonesia is a company that specializes in the production and development of high quality valves for various industrial sectors and was founded in 2021. An affiliate company of the Contromatic Group in the national valve industry, the company supports the growth of Indonesian industry.

The facility will produce various valve products, including Ball Valve Floating, Ball Valve Trunion, and Gate/Globe/Check, with sizes ranging from 1/2″ to 24″ and ANSI CLASS 150 to ANSI 900.

The plant’s construction aligns with the Indonesian government’s push to enhance domestic industries, particularly to meet the Local Content Level (TKDN) requirements.

PT Katup Industri Indonesia is committed to fostering the development of the domestic valve industry, reducing dependence on imported valve products.

Valve industry plays a crucial role in various strategic sectors, such as oil and gas, power generation, fertilizer plants, and nickel mining and metal smelting.

With the global valve market’s significant growth projected to reach US$ 99.8 billion by 2028, this initiative is expected to bolster Indonesia’s manufacturing capabilities, boosting TKDN and industrial localization efforts.

PT Katup Industri Indonesia aims to support both government and private projects in nurturing Indonesia’s valve product ecosystem. 

Collaboration between the government and private sector will accelerate the ecosystem and enhance domestic production.

State-of-the-art facility

The state-of-the-art valve manufacturing facility places PT Katup Industri Indonesia in a competitive position technologically and commercially. The company aspires to contribute to Indonesia’s valve equipment exports, focusing on the ASEAN and Middle East regions.

Saut Martahan Panjaitan, the CEO of PT Katup Industri Indonesia, revealed that the plant aims to produce 19,200 units in two shifts. They plan to focus on the domestic market until 2025 but have export aspirations for Southeast Asia, subject to IPA Monogram certification post-2024.

The company has formed a robust Research and Development team with international valve industry experts and collaborates with the National Research and Innovation Agency (BRIN) to advance innovative valve technology.

Eko Agus Nugroho, Director of Machinery and Agricultural Machinery Industry at the Ministry of Industry, emphasized that this investment will boost domestic production and aligns with their efforts to limit valve imports.

With strong support from the government and related institutions, PT Katup Industri Indonesia believes Indonesia can become a key player in the regional and international valve industry.

Journalist IBP

Journalist

Mahinda Arkyasa

Editor

 

Interview

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