Targeting Investors from South Korea, PT Modern Industrial Estate Collaborates with Modern Bando Co. Ltd.

By : Ridwan And Aldi Firhand. A | Monday, August 27 2018 - 22:35 IWST

Managing Director of PT Modern Industrial Estate, Pascall Wilson with CEO of Modern Bando Co. Ltd., Sung Gul Son, accompanied by the Indonesian Ambassador to South Korea, Umar Hadi and the Director General of KPAII of the Indonesian Ministry of Indus
Managing Director of PT Modern Industrial Estate, Pascall Wilson with CEO of Modern Bando Co. Ltd., Sung Gul Son, accompanied by the Indonesian Ambassador to South Korea, Umar Hadi and the Director General of KPAII of the Indonesian Ministry of Indus

INDUSTRY.co.id - Serang, ModernCikande Industrial Estate (MCIE) industrial area developed by PT Modern Industrial Estat (a subsidiary of PT Modernland Realty Tbk.) Continues to show its quality as one of the best industrial areas to be reckoned with in Indonesia.

The commitment was demonstrated by the massive development of various facilities within the industrial estate located in Cikande, Serang, Banten, to support various business activities of its tenants.

No wonder, if at present ModernCikande industrial area is quite attractive to investors and industry players, both from within and abroad who want to invest in Indonesia.

In line with this, ModernCikande Industrial Estate continues to expand its wings to attract foreign investors. Having previously actively penetrated the industrial markets of China and Taiwan, continued to begin to penetrate the industrial market from South Korea.

To facilitate potential investors in obtaining accurate and accurate information about the Modernikikande industrial area, PT Modern Industrial Estate opened a representative office by cooperating with a South Korean company engaged in manufacturing and property in terms of marketing and consulting for potential investors from South Korea.

Modern Cikande Industrial Estate and Modern Bando Co. Ltd. also, exploring opportunities for logistics area cooperation with Woosung Logistic and Pusan ​​Newport Co. Ltd. which will complement the existing facilities and infrastructure within the Modern Cikarang Industrial Estate area.

The signing ceremony of the collaboration was preceded by the signing of a memorandum of understanding (MoU) between PT Modern Industrial Estate represented by Pascall Wilson as Managing Director and Sung Gul Son as the Chief Executive Officer (CEO) of Modern Bando Co Ltd. located at the headquarters of Modern Bando Co Ltd. in Busan, South Korea, Friday (8/24) yesterday.

Also attending were the procession of the signing of the agreement, the Directorate General of Resilience and Development of International Industrial Access of the Ministry of Industry, I Gusti Putu Suryawirawan and Secretary of the Directorate General of Resilience and Development of International Industrial Access of the Ministry of Industry, Ignatius Warsito.

In the same occasion, an open discussion forum and gala dinner were also attended by entrepreneurs and potential investors from Busan, South Korea. The attendees were mostly entrepreneurs from the shipping, logistics, food and beverage, steel and cosmetics sectors.

This cooperation also marked the visit of President Director of PT Modern Industrial Estate, Pascall Wilson to South Korea in order to seek investment opportunities from South Korean investors.

Pascall Wilson said, although the global economic conditions have not fully improved, South Korea's investment value to Indonesia this year is estimated to be still quite large. South Korea's investment this year is projected to remain the third largest in Indonesia.

The magnitude of South Korea's investment realization in Indonesia this year is expected to continue and grow along with investment in industrial value-added sectors. In addition, the investment that has been invested at this time is expected to continue to be expanded to help Indonesia increase export earnings. This opportunity was tried by PT Modern Industrial Estate.
 

"PT Modern Industrial Estate as the developer is committed to providing land including the provision of various quality facilities and facilities to support various business activities of tenants operating at the Modern Cikarang Industrial Estate," Pascall Wilson said.

As is known, as one of the largest industrial areas in the west of Jakarta, the Modernikikande industrial area continues to develop as an investment area of ​​various types of companies both nationally and internationally.

ModernCikande industrial area is also very strategic because it can be accessed through the Jakarta-Merak toll road and then exit through the Cikande and Ciujung toll booths and is only a step away from the 3 major ports, Ciwandan, Cigading, and Merak Mas.

Of the total land area of ​​3,175 hectares, the land area that has been developed currently reaches 40% with the remaining landbank around 1500 hectares. Today ModernCikande is home to more than 200 local and multinational companies of various types of businesses.

The dominating company is a chemical company, followed by companies operating in the field of steel, metal products & smelters and companies in the field of home & building materials.

In addition to selling plots of industrial land ready for construction, Modern Cikande Industrial Estate is also equipped with quality infrastructure and supporting facilities and regional arrangements. For example, inside the industrial area has been established shopping complexes, clinics, post offices, banking offices, canteens and most recently lodging facilities.

Through its subsidiary PT Modern Asia Hotel, PT Modernland Realty Tbk, officially built a new hotel to target guests from within the Modern Cikarang industrial area.

For 2018, ModernCikande Industrial Estate has again innovated by starting to develop Modern Halal Valley, the first and largest halal industrial area in Indonesia covering 500 hectares.

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