Category: Industries

ANTM’s Downstream Development

PT Aneka Tambang (ANTM), a subsidiary of PT Indonesia Asahan Alumina (INALUM), has a few big projects on the pipeline, which, if realized, would help ANTM’s performance. As at the third quarter of 2018, ANTM’s ferronickel production only grew 21 percent or 19,264 tons of TNi. ANTM’s Aprilandi H. Setia said (Nov. 15) that this is ANTM’s optimal production from its facility in Pomalaa, Southeast Sulawesi. Aprilandi said that ANTM continues to work towards developing its downstream side, but as we all know, plans are plenty but finalization has been rather slow.

Read More

Barata’s Expansion into Power Generation

State-owned PT Barata Indonesia have been expanding in the past few years. The Company have collected contracts valued at Rp5 trillion. From the contracts it signed up to Agustus 2018, Barata has, among others, four sugar plants construction projects, three bioethanol plants construction projects, and one gas-powered plant construction project. At the moment, Barata is working on two oil and gas projects, one port crane project, and several projects with the Ministry of Public Works and Public Housing, particularly with the Directorate General of Water Resources.  

Read More

Oil & Gas Mafia Slowing the Development of Pertamina’s Refineries?

The notion that there’s an oil and gas mafia controlling Indonesia has been around since the New Order. We’ve heard of the so-called oil and gas mafia nesting in the trading company of PT Pertamina (Petral). The Government Joko “Jokowi” Widodo established Oil and Gas Mafia Eradication Task Force and eventually got rid of Petral, confirming that there was indeed a mafia operating under the guise of Petral. The question that follows: have the oil and gas mafia really disappeared?

Read More

Policies Issue to Watch

The Indonesian Government will revise the negative investment list (DNI) to attract more investment into the country. According to the Minister of Industry Airlangga Hartarto the revision would be finalized this month. The items currently under discussion are investments for manufacturing and small-medium enterprises.

Read More

Consolidation of SMGR & Holcim

PT Semen Indonesia Industri Bangunan (SIIB), subsidiary of state cement producer Semen Indonesia (SMGR), has on November 12, 2018 signed conditional share purchase agreement (CSPA) regarding acquisition of 80.6% shares of PT Holcim Indonesia (SMCB) Tbk, the third largest cement producer. 

Read More

9M Results: Tire Producers

Tire producer Multistrada Arah Sarana (MASA) booked a net profit of US$0.56 million in Jan-Sep (9M) of 2018, against loss US$5.06 million in the corresponding period of 2017, supported by growth in revenue. Its peers, Goodyear Indonesia (GDYR) reported narrowed loss in the period, thanks to foreign exchange (forex) gain, while Gajah Tunggal (GJTL) reported a widened loss due to forex loss.

Read More

Pertamina Update

State-owned PT Pertamina has benefited a lot President Joko “Jokowi” Widodo nationalist-oriented policies in the oil and gas sector. After taking over the Mahakam block, East Kalimantan from Total E&P, Pertamina could take over the Rokan block following the exit of Chevron Pacific Indonesia. That being said, Pertamina’s Senior Vice President for Upstream Strategic Planning and Operation Evaluation Meidawati said that the two giant blocks are actually not the focus of Pertamina’s attention. Instead, Pertamina is focused on the management of the Tuban block, the Ogan Komering block, the North Sumatera block, the Southeast Sumatera block, the Sanga-Sanga block, the East Kalimantan block, and the Attaka block.

Read More

Those Getting Tax Holidays (2)

In an effort to reduce import of organic chemicals and plastics, which reached more than US$10 billion per annum, the previous administration granted tax holidays facility to PT Petrokimia Butadiene Indonesia, subsidiary of Chandra Asri (TPIA), which invested US$145 million in Cilegon, Banten province. This was followed with tax holiday facility for PT Synthetic Rubber Indonesia (SRI), a JV between Chandra Asri and Michelin (France), which invests US$450 million in the development of synthetit rubber factory. Construction of the factory has been completed. But, a bigger project in the industry has recently been granted tax holidays facility.

Read More

Those Getting Tax Holidays (1)

Eight companies have recently been granted tax holidays by the government with combined investment commitment above US$10 billion. One of them is investing in mineral processing located in Indonesia Morowali Industrial Park (IMIP), Central Sulawesi province. The other mineral processing is located in Konawe Industrial Park, Southeast Sulawesi. One petrochemical project is located in Serang, Banten province. Who are they?

Read More

Électricité de France  

Whenever we’re talking about French investment in Indonesia, we’d refer to Total E&P, the operator of the massive Mahakam Block in East Kalimantan. Another french investment that would come up in our minds is Eramet’s investment in PT Weda Bay Nickel in Halmahera, Maluku. In recent days, we’ve heard of a possible French investment in Indonesia’s renewable energy (EBTE). That investment might come from Électricité de France (EDF).

Read More

Arcandra vs Chevron

The Ministry of Energy and Mineral Resources (ESDM) has not listed the Makassar Block for the third stage of auction this year. ESDM only listed the South Andaman working area, which is located offshore in Aceh’s Andaman waters; the South Sakakemang working area, in South Sumatera; the Anambas working area in the Riau Islands; and the Maratua working area in North and East Kalimantan. But why has ESDM left out the Makassar Block?

Read More
Loading
error: Content is protected !!