Hello, Indonesian Culture friends, do you know the development of the manufacturing industry in Indonesia? Have you ever asked how is the manufacturing factory in Indonesia? What does indonesia produce the most? What does indonesiamanufacture? Explain the advancements that have allowed indonesia to become a center of manufacturing?
Well, then let's talk about Manufacturing Industry Business in Indonesia: How is it?
There are many manufacturing companies in Indonesia that produce a wide variety of goods, from textiles and apparel to electronics and automotive parts. Some of the major manufacturing companies in Indonesia include:
1. Astra International
A diversified conglomerate with businesses in automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, and information technology.
Astra, which is the biggest publicly traded company in Indonesia, operates in six different business segments:
• Automotive
• Agribusiness
• Heavy equipment, mining and energy
• Financial services
• Information technology
• Infrastructure and logistics
Following the Asian financial crisis in the late 1990s, Astra was able to achieve strong and sustainable growth. To accomplish this, Astra had to undergo restructuring and reorganization of its business model, which included a takeover by the Hong Kong-based Jardine Matheson Group in 1999 through its subsidiary Jardine Cycle & Carriage Ltd.
In recent years, Astra International has garnered numerous national and international corporate awards and has set an ambitious goal of establishing a global brand name that Indonesia can be proud of by 2020. As of 2015, the company employed over 225,580 individuals across 183 companies, including subsidiaries, associated companies, and jointly controlled entities.
From its humble beginnings as a small trading business founded by two brothers, William Soerjadjaya and Tjia Kian Tie, PT Astra International Tbk has evolved into an impressive conglomerate with a dominant presence in Indonesia. It is the largest publicly listed company on the Indonesia Stock Exchange (IDX) with a market capitalization exceeding seven percent. While the company's core business is in the automotive industry, it has diversified its portfolio to include other sectors and revenue streams.
Astra International commands a domestic market share of between 50 and 60 percent in the automotive industry. The company has an exclusive right to distribute Toyota vehicles in Indonesia through a jointly-controlled entity with Toyota Motor Corporation. Astra also collaborates with other automotive brands such as Daihatsu, Isuzu, Nissan Diesel, Peugeot, BMW cars, and Honda motorcycles.
Astra International, in addition to producing and distributing cars, provides consulting, insurance, and financing services to support sales of cars, motorcycles, and heavy equipment. The company also sells heavy equipment, related spare parts, and provides after-sales service for mining, plantation, construction, and forestry industries. Astra has also expanded into other sectors such as coal mining, agribusiness, information technology, infrastructure, and IT solution services.
Due to its diversified business, Astra International is present in almost every major sector of the Indonesian economy, reducing its dependence on any particular sector. While the automotive business remains Astra's core business, it has deliberately reduced its traditional dependence on car sales, which accounted for 80% of revenue in the early 2000s but now only 50%. The company is well-positioned to benefit from Indonesia's economic growth, natural resources, and infrastructure development. However, increasing competition in the car market and weaker coal prices may pose a challenge, along with concerns about a possible increase in interest rates and volatility in the rupiah. Despite this, Astra International is financially sound and poised for continued success as one of Indonesia's top companies.
2. Unilever Indonesia
A subsidiary of the global consumer goods company, Unilever, producing products in the areas of personal care, home care, and food and beverages.
Unilever Indonesia is a subsidiary of the Dutch multinational company Unilever. It was founded on December 5, 1933, under the name Lever Zeepfabrieken N.V. Later, on July 22, 1980, it changed its name to PT Unilever Indonesia and released 15% of its shares on the Jakarta Stock Exchange and Surabaya Stock Exchange in 1981. In 1990, the company changed its name to PT Unilever Indonesia Tbk. With 44 brands and nine factories situated in the Jababeka-Cikarang and Rungkut-Surabaya industrial areas, Unilever Indonesia currently holds the fourth largest market capitalization on the Indonesia Stock Exchange as of the end of 2015. The company's head office is in Tangerang.
Unilever Indonesia, a multinational company with almost 90 years of operation, has established a comprehensive and evolving work system. The company provides clear career paths that offer employees opportunities to advance to higher positions.
The Unilever Indonesia office follows a modern open-space concept, and is equipped with facilities such as a nursery room, gym, and salon to ensure employees work comfortably.
As the competition for consumer products (FMCG) in the Indonesian market is intense, Unilever employees are required to achieve specific targets, which can result in heavy workloads. However, the company provides a comfortable working atmosphere, encourages teamwork, offers complete facilities, and provides competitive remuneration to motivate employees.
3. Toyota Motor Manufacturing Indonesia
Produces Toyota vehicles and automotive parts for domestic and export markets.
PT Toyota Motor Manufacturing Indonesia (TMMIN) was established on April 12, 1971, coinciding with the presence of Toyota in Indonesia through the establishment of PT Toyota-Astra Motor (TAM) as the importer and distributor of Toyota vehicles. In 2002, a restructuring was carried out by making TMMIN a manufacturing company and TAM as the distributor of Toyota vehicles. TMMIN is committed to developing the automotive industry in Indonesia, one of which is through activities to increase the ratio of domestic components to grow other supporting industries with the spirit of "Harmonious Partnership." Various vehicle models produced are not only for the domestic market but also for global exports. Regarding engines, TMMIN produces two types of gasoline and ethanol fuel engines, namely TR (two types) and R-NR (two types). In addition, the company also produces various automotive components which are divided into 4 categories: body, engine, electrical, and interior components. These automotive components can be assembled into complete vehicles or separately exported to various countries. TMMIN has 1,656 business partners (production and non-production) with a total of more than 300,000 employees.
4. Samsung Electronics Indonesia
Produces consumer electronics, including smartphones, tablets, and home appliances.
PT Samsung Electronics Indonesia, a South Korean electronics manufacturer, has been operating in Indonesia for 25 years. It currently dominates the global smartphone market and adheres to its five core values of People, Excellence, Change, Integrity, and Co-Prosperity, which have been instrumental to its success. The company upholds international standards and complies with applicable laws, prioritizing the welfare of its employees who are its greatest asset. It strives to create a positive work environment, promoting its Great Work Place motto, and prioritizes work-life balance for its employees. The company is located in the Jababeka Industrial Area and produces a range of electronics, including smartphones, LED TVs, STBs, and Blu-ray players.
5. Pertamina
A state-owned oil and gas company involved in the exploration, production, refining, and marketing of petroleum products.
For over six decades, Pertamina has been an integrated energy company in Indonesia that strives to innovate and maximize efforts to produce energy. The company consistently enhances excellence in every aspect of exploration, production, and other business activities to provide energy worldwide. Pertamina delivers energy to remote cities and borders, and is committed to collaborating with the global community to achieve the common goal of reducing global warming and attaining energy sustainability. With its motto, "Energizing You," Pertamina is dedicated to empowering individuals and communities with sustainable energy solutions.
6. Indofood
A food and beverage company producing instant noodles, snack foods, dairy products, and beverages.
PT Indofood Sukses Makmur Tbk is a food processing company based in Indonesia that operates in five business segments: branded consumer products, bogasari, agribusiness, distribution, and vegetable cultivation and processing. Through its subsidiary, PT Indofood CBP Sukses Makmur Tbk (ICBP), the company sells a range of branded consumer products such as dairy products, snacks, biscuits, food seasonings, beverages, and special and nutritious foods. Its bogasari business produces wheat flour and pasta, with Cakra Kembar and Triangle Biru being some of its main brands. The agribusiness segment involves palm oil cultivation and the milling and production of cooking oil, margarine, and branded butter. The company's vegetable growing and processing operations are managed by its China-based subsidiary, China Minzhong Food Corp Ltd.
These are just a few examples of the many manufacturing companies operating in Indonesia. The country's manufacturing sector is a significant contributor to its economy and offers opportunities for investment and growth.
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