Indonesia's Tiran Nusantara Group and Conch Investment Holdings of Hong Kong, China, have reached a corporate cooperation with a total scale of IDR 15 trillion. The project is regarded as a signal that international capital is optimistic about Indonesia's investment environment. A public relations head at Tiran Group stated that this cooperation demonstrates foreign investors' trust in Indonesia's business environment and local industrial strength. The project will focus on developing downstream industries and is expected to directly create 5,000 jobs, strengthening Indonesia's economic self-reliance. In the future, the investment scale will continue to expand in stages.
Conch's cumulative investment in Indonesia has reached IDR 30 trillion, and this cooperation is a continuation of its long-term layout in Indonesia. The two parties signed an agreement earlier in Anhui, China. Tiran Group's Operations Director and Conch's head completed the signing, and Indonesia's Minister of Agriculture witnessed the signing in his capacity as Chairman of Tiran Group.
The cooperation projects cover four major segments: lithium battery anode material plants, plastic packaging plants, wind power plants, and waste-to-energy plants. The equity of the joint venture companies is set flexibly according to project attributes; for some projects, Conch holds 51% and Tiran holds 9%, while for other projects the equity ratios are swapped. Tiran Group originated from the current Minister of Agriculture's scientific research results on rodent control, with early development of rodent control products. In 1995, he obtained multiple agricultural patents, and the products were sold to many countries. The company started with a loan of IDR 500,000, was formally established in 2004, and began cross-industry investment in 2007. Today, the group has dozens of companies, with business covering mining, energy, trade, logistics, and industrial parks.
The outside world expects that this cooperation with Conch can accelerate Indonesia's transition to clean energy, improve waste treatment levels, and promote the upgrading of the country's natural resources into downstream deep-processing industries.
