Sido Muncul Will Open Marketing Office in Philippines In Upcoming March

By : Hariyanto And Aldi Firhand. A | Thursday, January 04 2018 - 20:48 IWST

PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)

INDUSTRY.co.id - Jakarta - To boost export performance, PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) are planning to open a marketing office in the Philippines in March 2018.

"In March we will open an office there and that is our first office abroad," said President Director of PT Industri Jamu dan Farmasi Sido Muncul Tbk, Irwan Hidayat to the press in Jakarta, Thursday (4/1/2018).

As for the target in the first 3 years since the opening of the representative office, the company can widely introduce products from Sidomuncul to Filipino people.

"For the next new year we put the sales target," said Irwan.

Currently, domestic herbal medicine producers are 986 companies consisting of 102 traditional medicine companies (IOT) and the rest are small-scale traditional medicine (UKOT) which is spread all over Indonesia, especially in Java Island.

This year, the herbal medicine industry and traditional medicine in the country are projected to produce a turnover growth of up to 10%.

Chairman of the Association of Indonesian Herbal and Traditional Medicine (GP Jamu), Dwi Ranny Pertiwi Zarman said the figure can be achieved as long as the industry players can manage their business activities in an orderly fashion.

"For this year, we hope to grow up to 10% with a turnover of about Rp16 trillion to Rp17 trillion," said Ranny. (Imq)

News Comment

Today's Industry

Standard Chartered Bank extended its partnership with Liverpool Football Club

Sabtu, 26 Mei 2018 - 22:38 WIB

Standard Chartered Bank Extends Cooperation with Liverpool Football Club

Standard Chartered Bank has announced the extension of the cooperation contract as a major sponsor of Liverpool Football Club ("LFC") for up to four years, or until the end of the 2022/23 season.

Ketua Umum Kamar Dagang dan Industri Indonesia (Kadin) Rosan Perkasa Roeslani (Foto: Ist)

Sabtu, 26 Mei 2018 - 22:32 WIB

Kadin Chairman Invites Local Businesses to Save Funds at National Bank

Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Rosan P. Roeslani invites national entrepreneurs to bring their funds abroad to be kept in domestic banks.

Ketua Umum Kadin Rosan Roeslani

Sabtu, 26 Mei 2018 - 22:29 WIB

Chamber of Commerce and Industry (Kadin) Predicts Indonesia's Economic Growth in 2019 in 5.3 Percent Range

Chamber of Commerce and Industry (Kadin) Indonesia predicts Indonesia's economic growth in 2019 of 5.3% or below the government target of 5.4% -5.8%.

PT Indofood Sukses Makmur Tbk (INDF (Foto Istimewa)

Sabtu, 26 Mei 2018 - 22:27 WIB

Indofood Becomes Official Partner of the 2018 Asian Games

As one of the national food companies in Indonesia, PT Indofood Sukses Makmur Tbk, through its three brands namely Indomie, Pop Mie, and Indomilk, expressed its support as an official partner…

Apple Store

Sabtu, 26 Mei 2018 - 22:25 WIB

Visitor Slump, Apple Store Closed in the United States

The news of the retail industry is coming and going. Not just clothing stores, food, and furniture, even a technological businessman should be off property assets. This time, turn the world's…