PT Lintas Citra Pratama (LCP), a petrochemical investment company based in Cilegon, continues to strengthen its position in the downstream industry by carrying out a major expansion through the construction of a Polyethylene Terephthalate (PET) plant with a capacity of up to 720,000 tons per annum. LCP, through its subsidiary PT Merak Chemical Indonesia (MCCI) allocates US$300 million or approximately Rp5.01 trillion to build PET plant.

President Prabowo Subianto has mandated PT Pindad, a state defense contractor, to develop the national car (Mobil nasional/Mobnas, minister of industry Agus Gumiwang Kartasasmita said this week. 

Cable is key component of the digital economy because of growing need to reliable power supply and Internet. Yet, cable manufacturers gained very little, at least shown by low gross profit margin of cable manufacturers.

After years of talk and talk, South Korean Lotte Chemical Titan Holding Berhad has launched commercial operations at its Lotte Chemical Indonesia New Ethylene (LINE) project, an integrated petrochemical facility developed through its subsidiary, PT Lotte Chemical Indonesia (LCI).

PT ESSA Industries Indonesia Tbk, which generates most sales revenues from ammonia, suffered from squeezed margins from persistent oversupply in the chemical. In the first nine months of 2025, the company’s net profit dropped by 36.6% to US$21.3 million.

Few months back PT Teknologi Militer Indonesia (TMI), a company controlled by the military foundation under ministry of defence, introduced an EV concept car named i2C, Indigenous Indonesian Car. Is this the ‘national car’ to be developed by President Prabowo Subianto’s administration?

When President Prabowo Subianto’s administration proposed to include a “national car project” in Indonesia’s list of Proyek Strategis Nasional (PSN), many felt a sense of deja vu. The narrative was familiar — national pride, industrial independence, and a promise that in just a few years, Indonesia would finally have its own car “made by Indonesians.”

In his speech at the first anniversary of ruling the country, President Prabowo Subianto said Indonesia will have the national car within three years, and that he has set aside funds and location for the project.

Tsingshan Group (China) and POSCO (South Korea) plan to jointly build a stainless steel plant with a capacity of 2 million ton per annum in Indonesia Morowali Industrial Park, Central Sulawesi. 

The government is committed to ending imports of table salt by 2025 and achieving self-sufficiency in industrial salt by 2027, as mandated by Presidential Decree No. 126 of 2022 on the Acceleration of National Salt Development. National demand for raw salt in 2024 and 2025 is projected at 4.9 million tons, with an annual growth assumption of 2.5% due to population and industrial sector growth. This year, domestic production is targeted at 2.25 million tons. Combined with a remaining stock of 836,000 tons, local supply is expected to cover 63% of total demand.