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) - 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

Mentan Andi Amran Sulaiman (Dok

Sabtu, 17 Maret 2018 - 19:00 WIB

Minister of Agriculture: Modern Agriculture Is a Key Agricultural Competitiveness

Jakarta - Agriculture Minister Amran Sulaiman says modern agriculture is key to Indonesia's agricultural competitiveness.

Minister of PUPR Basuki Hadimuljono (Foto Ist)

Sabtu, 17 Maret 2018 - 18:56 WIB

Basuki Will Continue to Improve the Quality of Border Roads in Papua

The border road between Indonesia and Papua New Guinea continues. Until the end of 2017, from the length of 1,098 km of border road from Merauke to Jayapura, has been translucent 891 km and…

Ilustrasi agribisnis. (Foto: IST)

Sabtu, 17 Maret 2018 - 18:00 WIB

Protection of Forward Countries Haunts Indonesian Agricultural Products

Jakarta - Protection policy President of the United States (US) Donald Trump as a solution to rescue the domestic economy of Adi Daya country was followed by several countries in the EU, India…

Ilustrasi Tambang Batu Bara PT Bukit Asam Tbk

Sabtu, 17 Maret 2018 - 17:00 WIB

High Calorie Coal Bukit Asam Is Ready to Export to Asia

High Calorie Coal Bukit Asam Ready to Export to AsiaJakarta, High-calorie coal produced by PT Bukit Asam Tbk (PTBA) will be exported to a number of Asia. This step is an effort to accelerate…

Philips Indonesia

Sabtu, 17 Maret 2018 - 17:00 WIB

Philips Lighting Officially Announces Intention to Change Company Name to Signify

Philips Lighting (Euronext: LIGHT), a world leader in lighting, today announced its intention to change the company's name from Philips Lighting to Signify.