EuroCham Member News

PT Bayer Indonesia is investing up to USD 20 million this year to increase production capacity to support the company's business growth in domestic and export markets. The investment will be used to build a new factory. Construction of the plant is conducted to increase the production capacity of OTC (over the counter) products.

Source: Indonesia Finance Today

PRIME Consultancy supports International and Indonesian companies in market entry, business development and financing needs.

Managing Director Volker Bromund had worked more than 10 years for Deutsche Bank in Jakarta until 2010. As Director, Head of Corporate Banking Coverage, he was responsible for the overall business relationship of Deutsche Bank with all local and international corporate clients. He has excellent contacts to companies, organizations and regulators in Indonesia.

Based in Jakarta, the German-Indonesian team offers professional advice in the following areas:

• Market Development
• Company establishment
• Business partner identification
• Market research
• Business delegation support
• Distribution channel identification

• Business Development
• Reorganization activities
• Strategic managements and coaching

• Financial Advisory
• Long term financing
• Working capital
• Export Credit Agency (ECA) financing
• Commodity finance

PT PRIME Consultancy is among others the strategic business partner of LBBW (Landesbank Baden-Wuerttemberg) and represents InterGest in Indonesia, a global player in Business Management and Consultancy.

For more information please visit the website: www.prime-consultancy.com

Michelin Indonesia added eight dealers as of May 2012 in several regions such as Aceh and Kupang, East Nusa Tenggara. Jean-Pierre Kopp, Country Director of PT Michelin Indonesia, said the additional eight dealer networks completed the previous 14 networks so the total reached 22 dealers.

NAVIGAT Energy is a leading developer and distributor of small to medium sized power plants and equipment in South East Asia with offices in Indonesia, Thailand and Singapore. They provide an integrated, one-stop-shop approach for energy generation by offering a full range of services, including: Operation and Maintenance, Build Own Operate and Transfer, Electricity Supply contracts etc. As the authorized distributor of GE Energy in Indonesia and Thailand Navigat is continuously striving to develop fast and reliable power to contribute to the continuous economic growth of emerging markets of South East Asia. More information is available at www.navigat.com  

The development of Pirelli Tire SpA tire factory, a cooperation with PT Astra Otoparts Tbk, will start in the fourth quarter of 2012. Robby Sani, Director of Astra Otoparts, said the development is still in the building design phase. Pirelli's tire factory will approximately need investment of US$120 million, including for factory land expansion which will take up 25 hectares of land in East Jakarta. The factory is targeted to start operating in 2014. In the initial phase, there will be only two million units produced yearly. But, in 2016, factory will fully operate with seven million units of tires per year – 25 percent of Pirelli's total global production.

Due to increasing prospects for the cement industry triggered by the increase in infrastructure and construction activities, EuroCham member PT. Holcim Indonesia Tbk (SCMB) plans to increase its capacity to produce cement to the level of 10 Million Tons per year, by building a new factory in Tuban, east Java. The will be operational in 2013, and the capacity is designed to reach 1.7 million tons per year, making Holcim's total capacity 10 million tons. Currently the utilization rate of production in existing factories exceeds 90%. Without increasing the capacity, SCMB will difficult to fulfil the demand of cement that growing rapidly. The projection from Indonesia Cement Association is that demand for cement this year will reach 53 million tons,  an increase of  11% year on year.

Source: KONTAN

BMW Indonesia sold 1,061 cars in the first half of this year, a 48 percent increase compared to the same period last year.