Polytama’s expansion: Self-sufficiency vs profitability

Persistent oversupply, particularly in China, and sotened demand led to nearly 16% fall of polypropylene (PP) resin price last year. Yet, PT Polytama Propindo (PLTM), the second largest manufacturer of polypropylene resin (PP resin) in Indonesia behind Chandra Asri,...

Plasma fractionation investment

South Korea’s biopharmaceutical company, SK Plasma in a collaboration with Indonesia Investment Authority (INA) sovereign fund builds its first plasma fractionation facility in Indonesia and claimed as the largest in Southeast Asia. Sitting on 4.9 hectares of land in...

Those continue to invest: KG Chemical-Dong Suh

Amidst downfall of foreign direct investment (FDI), two South Korean companies have recently signed a memorandum of understanding (MoU) to establish a joint venture for production of chemicals in Indonesia. South Korea’s KG Chemical and Dong Suh Chemical signed the...

INALUM’s new smelter: Walk the talk?

Some media outlets quoted Rosan P Roeslani, minister of investments and CEO of sovereign wealth fund Danantara, last Friday (Dec 19) saying one aluminium smelter project with estimated investment of US$24 billion will start ground breaking of construction next month....

Solar industry update

Trade wars and energy transition programs give Indonesia an opportunity to host solar panel manufacturers relocated from China. Policy stability, however, is needed because of competition with neighbouring countries like Vietnam and Malaysia. Photovoltaic module...

EV Industry Update

The Vietnamese EV manufacturer VinFast has officially inaugurated its manufacturing plant in Subang, West Java province with an initial production capacity of 50,000 units per annum, following its Indian factory’s inaugurated last August. The company said that the...

Bosai Minerals in Surabaya

China’s Bosai Minerals Group, which generated US$8.6 billion of sales revenues last year, and PT Surabaya Industrial Estate Rungkut (SIER) have recently signed a memorandum of understanding (MoU) for the preparation of industrial land use. This collaboration marks the...

Walk the Talk: Downstream of Coconut

The Ministry of Investment and downstreaming has recently revealed that China’s Zhejiang FreeNow Food Co. Ltd., a coconut derivative producer, has begun construction of coconut processing plant in Morowali, Central Sulawesi province with US$100 million of investment....

Steel industry update

Minister of finance Purbaya Yudhi Sadewa promised to take action on the flood of imported steel construction that hurting domestic fabricators. Purbaya didn’t specify, but responded positively complaints from local players. One company claimed of downsizing its...
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