Investment in the Industrial Sector Is Still Promising and Rising

INDUSTRY.co.id - Medan- Indonesia remains a promising country for investment and potential market with PT Cipta Mortar Utama investment in North Sumatra.

"The government appreciates PT Cipta Mortar Utama to re-invest in Indonesia by building a third mortar factory in Medan Industrial Estate (KIM) 3 in North Sumatra," said Minister of Industry, Airlangga Hartarto in North Sumatra, Tuesday (31/10/2017)

He said that in his speech read by Special Staff of the Minister of Industry, Happy Bone Zulkarnain when inaugurated the 3rd factory of PT Cipta Mortar Utama in KIM 3.

PT Cipta Mortar Utama first entered the Indonesian market by operating a mortar factory in Cibitung in 1996 and second in Gresik in 2008.

"I express my appreciation to PT Cipta Mortar Utama which continues to increase its production capacity in Indonesia and has plans to build the next factory in several locations until 2020," said Menperin.

Investment and additional investment plans become one indication that Indonesia is a promising country for investment, as well as a very potential market.

Airlangga said industrial investment in Indonesia continues to increase.

Investment of Capital Investment in Negeri (PMDN) of industrial sector in 2016 for example has amounted to Rp106, 78 trillion and investment of FDI industry sector amounted to 16.68 billion US dollars.

Airlangga explained, the increase in capacity of PT Cipta Mortar Utama is expected to reduce import demand for the same product so as to save the country's foreign exchange.

The government, said Minister of Industry, increasingly give appreciation because mortar products using the main raw materials of cement and sand are derived from local natural resources so as to have a high level of Domestic Content (TKDN).

Factories that have used new or modern technology in their production process, certainly bring benefits to the company and the environment.

The reason, the new technology will be more energy efficient and more efficient, thus saving natural resources and reducing greenhouse gas emissions.

"The new technology used by Mortar is in line with government programs for green industries that are environmentally friendly and sustainable," Airlangga said.

Chairman of Saint Gobain Javier Gimeno said Indonesia is still a potential for investment because of its natural resources and market.

After Cibitung in 1996 and in Gresik in 2008 and in North Sumatra in 2017 there will be next investment plan