Adaro Logistics, a subsidiary of coal miner Adaro Energy (ADRO), is expected to undertake an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2018. Garibaldi Thohir, ADRO’s President Director is optimistic about the potential of publicly listing the unit in Indonesia as prospects for Indonesia’s equity market are promising. Adaro Logistics is tasked with the implementation of an integrated supply chain system for delivering coal from the source (pit) to the port, or, direct customers (including power stations). Adaro Logistics has several subsidiaries, including Maritim Barito Perkasa, Puradika Bongkar Muat Makmur, Sarana Daya Mandiri and Indonesia Bulk Terminal.
