PT Wiraraja Indonesia and Polythene UK Ltd have officially signed a Joint Venture Agreement worth approximately £50 million (around IDR 1.17 trillion), marking a significant milestone in Indonesia–United Kingdom economic cooperation in the sustainable manufacturing sector. The partnership is expected to strengthen bilateral investment ties while supporting technology transfer and the development of higher-value-added industries in Indonesia.
The agreement follows a series of business visits by PT Wiraraja Indonesia to the United Kingdom that began on June 23, 2026. During the visit, the company held discussions with several British manufacturing firms to explore strategic collaboration opportunities, particularly in sustainable industrial development and long-term investment projects in Indonesia.
The process leading to the signing was facilitated by the Indonesian Embassy in London, the Indonesian Investment Promotion Center (IIPC) London, and the Ministry of Investment and Downstream Industry/BKPM. The collaboration reflects the Indonesian government’s continued efforts to attract quality foreign direct investment while strengthening economic partnerships with strategic international partners.
Indonesian Ambassador to the United Kingdom, Ireland, and the International Maritime Organization (IMO), Desra Percaya, said the agreement demonstrates the growing confidence between businesses in both countries and highlights the strong foundation of bilateral economic relations.
“This signing reflects the growing trust between Indonesian and British businesses and a shared commitment to building a long-term partnership that adds value to both countries,” Desra said in a statement on Tuesday (June 30, 2026).
According to the Indonesian Embassy, the joint venture is expected to generate benefits beyond capital investment. The collaboration will encourage the exchange of technology and expertise, strengthen industrial capabilities, and support the development of more competitive and sustainable manufacturing activities in Indonesia. The investment is also expected to contribute to job creation and improve the country’s industrial value chain through the production of higher-value-added products.
The agreement also represents a concrete outcome of the UK–Indonesia New Strategic Partnership, which aims to deepen bilateral cooperation across trade, investment, and sustainable economic development. As both countries continue to expand their economic engagement, partnerships between private sector companies are expected to play an increasingly important role in strengthening industrial supply chains and promoting innovation.
The Indonesian government reaffirmed its commitment to facilitating investment and business cooperation between Indonesian and British companies through investment promotion, policy support, and institutional collaboration. By encouraging partnerships in priority sectors, the government hopes to attract more high-quality investments, accelerate industrial transformation, and further strengthen the long-term economic relationship between Indonesia and the United Kingdom.
June 30, 2026, detikFinance(https://finance.detik.com/industri/d-8554094/ri-inggris-teken-kerja-sama-manufaktur-rp-1-17-t)