Author Archives: alaksir

Chandra Asri and Michelin’s JV rubber plant to start construction in November

CEO of PT Chandra Asri Petrochemical Tbk. (IDX:TPIA), Prayogo Pangestu, stated that the company plans to start the construction of its joint venture with tire maker Michelin & Cie (ML) in November. The new plant, which will manufacture synthetic rubber, … Continue reading

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BBCA plans local payment network

Indonesian bank, Bank Central Asia (IDX:BBCA) says it is initiating a local credit card network that it plans to start operating early next year. BBCA CEO Jahja Setiaatmadja said that the company will be working with other banks yet to … Continue reading

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TKIM invests $3.1 billion in new pulp and tissue mill

PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM), an affiliate of the Sinar Mas Group, has started construction of a new pulp and tissue mill in South Sumatra to be operated by its subsidiary PT Oki Pulp & Paper Mills, which … Continue reading

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Golden Agri Plans Biofuel Plant

CEO of palm oil firm Golden Agri Resources, Franky Oesman Widjaja, indicated that the company plans to invest in a biofuel plant to take advantage of the government’s planned import substitution policy. Aiming to reduce Indonesia’s growing trade deficit, the … Continue reading

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Heavy equipment financing firms feel the pinch

Unfavorable commodity prices and general economic downturn are discouraging heavy equipment leasing providers from further expansion. Surya Artha Nusantara Finance (SAN Finance), for example, is planning to diversify into vessel and CPO financing, due to weakening demand in the mining … Continue reading

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Cement sales, capacity on the rise

Cement sales are set to continue to increase this year, matching the expectations of manufacturers who tried to keep up with demands by opening new plants last year. Among the new facilities opened in 2012 were a new PT Semen … Continue reading

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Indonesian milk manufacturer tops out new plant, eyes growth in milk demand

Dairy processing company PT Indolakto, which is affiliated with PT Indofood CBP Sukses Makmur (ICBP:JKT), held a topping out ceremony of its fifth plant in East Java last week. The new plant, whose construction started in March last year, is expected to begin operations in the second quarter of 2013. Continue reading

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Tanjung Perak Port sees more development, increased traffic

Government-owned company that operates seaports in Java and Kalimantan PT Pelabuhan Indonesia (Pelindo) III is pursuing five strategic projects to develop Tanjung Perak port of Surabaya, East Java. Continue reading

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