AKRA sells another 20 hectares of land Chinese chemical company takes over

Industry Newsletters5hrs agoupdate PrintEnterprise

0 0

AKR Corporindo Indonesia (AKRA), through its subsidiary PT Berkah Kawasan Manyar Sejahtera (BKMS), has handed over 20 hectares of industrial land to PT GEABH Joint Technology, a subsidiary of Sichuan Jinxiang Chemical, located in the Gresik Integrated Industrial and Port Special Economic Zone (JIIPE) in East Java. hectares of industrial land.The company had previously acquired 20 hectares of land in April 2025 for the first phase of the production facility.

The additional land will be used forDevelopment of environmentally friendly chemical facilitiesGEABH plans to build a new chemical facility to produceMelamine, nitric acid and ammonium nitrateJIIPE is also evaluating facilities to produce ammonia and urea from Indonesian natural gas resources. This will help JIIPE to become a competitive industrial zone that will contribute to Indonesia'sEnergy transition and green industrializationThe president of AKR said that the expansion of GEABH supports the company's long-term strategy of making the industrial zone business the main business pillar.

First three quarters of the yearAKRA's total revenue increased year-on-year13.22%, growth in revenue from land operations in industrial zones29.39%JIIPE is committed to providingWorld-class integrated services, which is expected to attract more chemical and downstream industries. The Company expects that JIIPE, when fully operational, will be able to attractRp 2378.6 trillion investmentCreation 199,818,000 jobsThis year, we aim to sell land in JIIPE.80 - 100 hectaresCurrently completed22 hectaresThe

# Industry News