Chinese Steel Giant Invests IDR 600 Billion to Build Factory
PT Elecmetal Longteng Indonesia has started construction of a grinding ball production facility in Batang Integrated Industrial Zone (KITB), covering an area of 4.99 hectares with a total investment of nearly USD 40 million (approximately IDR 600 billion). The company is a joint venture between Chile-listed ME Elecmetal and China's Longteng Special Steel. ME Elecmetal is the world's largest producer of mill liners, supported by the Claro Group; Longteng is a major player in the special steel market and owns the world's largest grinding ball manufacturing facility. The new facility is designed
Indonesian State-Owned Mining Company Calls for Limits on Number of Nickel Smelters
![Indonesia Belt and Road High-tech Development Zone [Chinese]](/storage/uploads/2025/01/1738291115-01YDYL1.jpg)
Indonesia Belt and Road High-tech Development Zone [Chinese]
![China-Indonesia Economic and Trade Cooperation Zone [Chinese]](/storage/uploads/2025/01/1738288943-01KITIC1.jpg)
China-Indonesia Economic and Trade Cooperation Zone [Chinese]
Indonesia's Bauxite Downstream Industry Development Stagnates
Details of Indonesia's Six Major Nickel Mines
According to Indonesia's 2022-2027 National Mineral and Coal Management Plan, Indonesia ranks first in the world for both total nickel reserves and production, with usable nickel resources accounting for 23% of global reserves and 29% of global production. Indonesia has several large nickel mines: Blok Sorowako in South Sulawesi covers 70,566 hectares and is managed by PT Vale Indonesia Tbk, producing high-grade nickel ore; Weda Bay Nickel in North Maluku covers 54,874 hectares, with shares mostly held by China's Tsingshan and France's Eramet; Pula
Qiandao and Indonesia Enterprise Connect Wish You a Happy New Year
Dear Customers and Partners, At this beautiful moment of bidding farewell to the old and ushering in the new, we extend our sincerest New Year wishes to you with immense gratitude! Over the past year, Indonesia Enterprise Connect has achieved remarkable accomplishments thanks to your support and trust. We are honored to announce that Indonesia Enterprise Connect has obtained authorization from over 300 Chinese-invested enterprises in Indonesia, and this number is steadily growing. This year, our team at Enterprise Connect has stayed true to our original mission, steadfastly adhering to the principle of 'linking information and sharing resources,' committed to helping
Chinese Ambassador to Indonesia Inspects JIIPE Special Economic Zone
Chinese Ambassador to Indonesia Wang Lutong recently inspected the KEK JIIPE-Gresik Special Economic Zone. China is one of Indonesia's largest investment countries, with total investment reaching US$5.78 billion in the third quarter of 2024, demonstrating China's active participation and contribution to Indonesia's economic development. During the visit, the Ambassador inspected major enterprises in the zone, such as PT Freeport Indonesia, PT Hailiang New Materials Indonesia, and PT Xinyi Glass Indonesia. Xinyi Glass introduced its latest production line with a daily melting capacity of 1,100 tons, supplying high-quality glass for construction, automotive, and new energy sectors, meeting the needs of Indonesia and Southeast Asia
Indonesia's Investment Minister Meets with Three Major Chinese EV-Related Companies
The Ministry of Investment and the Investment Coordinating Board met with several major Chinese electric vehicle companies to accelerate investment in Indonesia's EV ecosystem. During his visit to China, the Investment Minister met with companies such as BYD, Zhongwei New Materials, and CATL. This visit was to follow up on the investment status of three Chinese EV companies that have already invested in Indonesia, emphasizing the importance given to investors who have already invested in the country. The meeting discussed the acceleration plan for BYD's electric vehicle factory construction in Subang, West Java, capacity expansion, and its positive impact on the economy and employment. The factory is expected to become the largest automobile factory in ASEAN. In addition,
China and Indonesia Plan to Cooperate on Batam Light Rail Construction
The Batam Authority has presented a series of investment opportunities in Batam to China Railway Engineering Co., Ltd. (CREC), a well-known Chinese enterprise. CREC is a company responsible for railway construction projects in China and overseas, having successfully built the Jakarta-Bandung high-speed rail project. With extensive experience in urban construction, it has helped many overseas cities develop. Both sides hope this meeting will become the starting point for CREC's investment in Batam, potentially starting with the construction of the Batam Light Rail Transit (LRT) project, as well as the construction of cross-Batam highways and Galang Island seawalls to support national strategic projects. Batam
US Cancels Anti-Dumping Tariffs on Indonesian Aluminum Products
The United States International Trade Commission has decided not to impose anti-dumping and countervailing duties on Indonesian extruded aluminum products, ending the investigation and ensuring that Indonesian aluminum products are not deemed harmful to US industry. Indonesia's Trade Minister called this a blessing for the country's manufacturing sector, attributing the result to coordination among Indonesian ministries, agencies, and enterprises. In a press release, the US government stated that it would not impose anti-dumping or countervailing measures on imported extruded aluminum from all investigated countries, including Indonesia. During the investigation, the Indonesian government actively defended the position of exporters. According to data from the Central Statistics Agency, from January to August 2024, affected by the investigation,
Morowali Industrial Park Sees Significant Investment and Tax Growth
Morowali Industrial Park (IMIP) has invested a massive total of USD 34.3 billion (approximately IDR 552.2 trillion) from 2015 to 2024. Investment continued to increase as of August 2024, with an increase of USD 5.4 billion (approx. IDR 86.9 trillion) from 2022 to 2023, and USD 4.16 billion (approx. IDR 66.9 trillion) from 2023 to 2024. In addition, the park has paid USD 1.16 billion (approx. IDR 185.6 trillion) in taxes to Indonesia. In 2022, it paid USD 1.32 billion (approx. IDR 21.12 trillion)