Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani continued his meeting with 8 companies during his visit to the People’s Republic of China (PRC) on 18-20 December 2024. The meeting is claimed to have succeeded in recording new investment commitments of US$ 7.46 billion or IDR 120 trillion.
“Several meetings held in Hangzhou, Quzhou and Beijing have succeeded in recording a total new investment commitment of US$ 7.46 billion or equivalent to IDR 120 trillion,” said Rosan in a written statement, Monday (12/23/2024).
Meeting with Geely Auto Group: a meeting at the Geely Auto Group production facility discussed potential investments in the development of the automotive industry in Indonesia. One of the leading global automotive manufacturers is said to have committed to collaborating on the assembly of the electric car industry with Indonesian companies.
Meeting with Zhenshi Holding Group Co Ltd: The second company visited was Zhenshi Holding Group Co Ltd which has invested in several nickel smelting projects, including in North Maluku and Morowali. Its subsidiary, Jushi Group, is one of the largest fiberglass producers in the world. Jushi Group plans to make a new investment of US$ 1 billion (first phase) in the fiberglass industry, with an estimated workforce absorption of 4,500 people.
Meeting with Wankai New Materials (Zhink Group): The third meeting with Wankai New Materials which is part of Zhink Group. The meeting was to discuss investment interest in the petrochemical derivative industry sector. The total investment plan reaches US$ 1 billion which will be carried out in three stages. Zhink Group itself is the 3rd largest PET (Polyethylene Terephthalate) producer in China and the 5th largest in the world.
Meeting with Hongshi Holding Group: The fourth meeting with Hongshi Holding Group which plans to develop an industrial area that will produce silicon, polysilicon (raw material for solar panels), batteries and their components, and a 2 gigawatt Steam Power Plant (PLTU). The plan is that the construction of this new investment worth US$ 5 billion will be carried out in stages.
Meeting with Huayou Holding Group: Huayou’s investment development in Indonesia is said to be quite large with a total of 15 projects and a total of 20,000 employees. Huayou is working with several domestic partners including Antam, MIND ID, Merdeka Battery Materials and Vale Indonesia. Currently, Huayou’s project locations are spread across three main locations, namely Indonesia Morowali Industrial Park, Indonesia Weda Bay Industrial Park, and Indonesia Pomalaa Industry Park. In the future, it will be developed in Sorowako and Buli. Huayou’s total investment in Indonesia is said to have reached US$ 6.3 billion and has succeeded in integrating smelter mining, refining and precursors.
Meeting with CEEC, CITIC and Zhuhai Hongwan Ocean Fisheries: The first meeting with China Energy Engineering Corporation (CEEC) discussed investment potential in the new and renewable energy (EBT) sector, especially related to the utilization of offshore wind resources in Indonesia. The meeting with CITIC discussed potential cooperation in several government programs, including supporting the construction of 3 million houses per year, food security through increasing rice and corn productivity, and energy security through revitalizing oil wells. The meeting with Zhuhai Hongwan Ocean Fisheries, which stated that it would cooperate with local partners to develop investment in the fisheries sector in eastern Indonesia with a total investment of US$ 460 million.
December 23, 2024, detikFinance
(https://finance.detik.com/industri/d-7699270/ri-kantongi-komitmen-investasi-rp-120-t-dari-china-ada-pemilik-volvo)