Pelindo II Launches Pelabuhan Indonesia Investama

By : Abraham Sihombing And Aldi Firhand. A | Monday, December 11 2017 - 17:44 IWST

President Director of Pelindo II Elvyn G Masassya
President Director of Pelindo II Elvyn G Masassya

INDUSTRY.co.id - Jakarta - PT Pelabuhan Indonesia (Pelindo) II launches a new subsidiary engaged in investment, named PT Pelabuhan Indonesia Investama (PII). It is a subsidiary of the 17th company, which was inaugurated by Elvyn G. Masassya, President Director of Pelindo II together with all Directors of Pelindo II.

In addition, the inauguration of the establishment of the PII was also attended by representatives of associations, service providers and financial and banking institutions, SOEs and service users of Pelindo II.

The establishment of PII is expected to become a vehicle to cooperate with strategic investors in the framework of business expansion and short-term investment in the secondary market, said Elvyn G. Masassya, President Director of Pelindo II at the Indonesia Stock Exchange Building (BEI) on Monday (11/12 / 2017).

PII has a vision to become a leading investment company in the port sector and its supporters which aims to create maximum value for stakeholders through world-class management standards.

Up to 2022, total assets of PII is targeted to reach Rp11 trillion and in the next five years, the total assets are expected to reach Rp20 trillion, "said Elvyn.

The presence of PII which is the first investment company in Indonesia to focus its attention on port business is expected to answer the need.

In addition to managing the funding of existing subsidiaries, PII is also expected to support business development, capacity building, strengthening, risk management and investment.

The composition of capital ownership in PII is 99% owned by PT Pelindo II and 1% is owned by PT Multi Terminal Indonesia which is also one of Pelindo's business activities. PII will be chaired by Randy Pangalila who serves as President Director and Iman Rachman who serves as President Commissioner.

In addition, Pelindo II will also list the shares of its subsidiary, PT Jasa Armada Nusantara (JAI), at the Indonesia Stock Exchange (IDX) through the Initial Public Offering (PUPS) mechanism.

In the PUPS, JAI's management offers about 30% of its shares to the public. In 2018 and 2019 there are two subsidiaries of Pelindo II that will list their shares in IDX. (Abraham Sihombing)

News Comment

Today's Industry

PT Surya Esa Perkasa Tbk. (ESSA: IJ)

Selasa, 26 September 2023 - 07:45 WIB

ESSA Secures Gas Contract Extension for LPG Refinery

PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

(kiri-kanan) Cahyo (operations manager PT Eco Paper Indonesia), Kuswara ( Direktur ALDO), Herwanto Sutanto (Presdir ALDO), dan Herlambang Putra Sujadi (Direktur PT Eco Paper Indonesia)

Selasa, 26 September 2023 - 06:45 WIB

ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production

PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…