Mar 10, 2014 | Industries, Profiles
Iron, steel, and steel products are key items imported by Indonesia. Last year, total import value of these products reached US$15 billion. Other than global steel players like POSCO, Nippon Steel, and Essar Steel, it is interesting to watch expansion of Salim Group...
Feb 26, 2014 | Business, Industries
Where are things now with the Jakarta-Foxconn deal? The Mayor of North Jakarta, Heru Budihartono, told journalists at the signing of the Letter of Intent between the Jakarta Government and Foxconn Technology Group a few weeks back that both parties will sign a...
Feb 26, 2014 | Industries, Profiles
World’s largest aluminium producer UC Rusal has signed memorandum of understanding (MoU) with PT Arbaya Energi, subsidiary of Satmarindo Group, for the development of bauxite-alumina project in West Kalimantan. Signing the MoU were Oleg Deripaska (CEO of Rusal)...
Feb 25, 2014 | Business, Industries
Bakrie Group and state-owned gas transmission and distribution company PT Perusahaan Gas Negara (PGAS) Tbk were competitors in the tender to build the ambitious Kalimantan-Java gas pipeline eight years ago. Bakrie, with strong political support, won the multi billion...
Feb 25, 2014 | Business, Industries
State-owned construction firm PT Pembangunan Perumahan (PTPP) Tbk and Samsung C&T Corporation have on Saturday (Feb 22) signed an agreement for the construction of coal terminal worth US$200 million in Kutai Kartanegara regency, East Kalimantan province. This is...
Feb 19, 2014 | Industries, Profiles
Growing domestic consumption normally leads to increasing demand for plastic. Indonesia is still a country heavily rely on imported plastics and articles. Last year, while overall import declined 2.6%, Indonesia’s import of plastics grew 3.7% to US$2.53 billion....
Feb 17, 2014 | Industries, Profiles
In November 2012, when we posted an article titled ‘Revisiting Mulia Industrindo’, the stock was traded at around Rp250. It rallied to as high as Rp740 year, but then retreated to below Rp300 in September 2013. Mulia Industrindo (MLIA) then launched the...
Feb 14, 2014 | Industries, Profiles
Lautan Luas (LTLS) is one of few players consistently develop their position in domestic manufacturing. It has 100 international principals and distributes more than 1,000 chemical products. Principals of Lautan Luas are also partners of Djarum Group and Wings Group,...
Feb 10, 2014 | Industries
Before Xmas, lawmakers passed the industry bill into law, replacing the obsolete 1984 law. The new Industry Law strengthens Law No 04/2009 on mandatory domestic processing of natural resources (minerals), but full implementation of the new law requires lower level...
