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NEW PARTNERSHIP BETWEEN PT LEN INDUSTRI AND THALES SET TO REVOLUTIONISE INDONESIA’S DEFENCE SECTOR​

20 APR 2022
DEFENCE INDONESIA
  • PT Len Industri and Thales have signed a strategic partnership agreement for further collaboration on a wide array of defence-related topics including radars, military satellites, electronic warfare, UAVs and combat management systems.
  • The agreement was signed between both organisations on 20th April 2022 in Surabaya on the launch occasion of Indonesia’s defence modernisation plan, in the presence of Indonesian President Joko Widodo and Minister of Defence, Prabowo Subianto.
  • The joint collaboration on these topics aligns with Indonesia’s drive to modernise and restructure its defence capabilities in an increasingly complex threat environment.
Indonesia has outlined an ambitious military modernisation plan through to the mid 2040s. The challenges of defending a vast archipelago amidst global threats support the country’s needs to focus more resources on strengthening its overall defence capabilities.

In support of Indonesia’s strong military ambitions, PT Len Industri and Thales have signed a strategic agreement for deeper collaboration in multiple defence topics. The agreement was signed in Surabaya on 20th April 2022, by Mr. Bobby Rasyidin, President Director for PT Len Industri and Mr. Guy Bonassi, Senior Vice-President, Asia, Eurasia and Latin America for Thales, with the event graced by President of Indonesia, Mr. Joko Widodo; Minister of Defence, Prabowo Subianto and other dignitaries.

In the frame of this agreement, PT Len and Thales will jointly explore and further develop solutions on topics including radars, Command & Control systems, military satellites, C5ISR, electronic warfare, UAVs and Combat Management Systems. For radars, the collaboration will include the planned transfer of technology for military and civilian radars, including local MRO activities, and the co-development of a national Command & Control (C2) radar.

Thales has been the leading partner of the Indonesian Navy for the last forty years, supplying combat systems for all warships in service. The strategic agreement will explore the co-development of a national Combat Management System (CMS) based on Thales’ TACTICOS CMS, currently deployed on the KRI Usman-Harun Multi-Role Light Frigate (MRLF).

With its strong credentials in radar technology and naval modernisation programmes, this agreement strengthens Thales’ industrial footprint in Indonesia, as a strategic partner to help the country reinforce its armed forces and defences across increasingly complex air and maritime domains. The agreement also affirms Thales’ commitment to building local expertise and growing its industrial footprint in Indonesia.

We are delighted to extend our partnership with Thales and explore collaboration in these new topics that will bring advanced technologies and greater value to the Indonesian armed forces. This strategic agreement will pave the way for the growth of Indonesian industrial capabilities, as we jointly develop solutions that meet the needs and expectations of our local end-users.

Bobby RASYIDIN, President Director,
PT Len Industri​

Thales aligns closely with Indonesia’s vision of building indigenous capabilities in the defence sector. We have enjoyed a strong working relationship with PT Len over the last few decades and our expertise, together with PT Len’s leading role in driving Indonesia’s defence industry, makes this a winning partnership with a common vision to enhance Indonesia’s military ambitions. We look forward to working together on these renewed topics, to build local knowledge and expertise and by doing so, further reinforce our commitment to Indonesia

Guy BONASSI, Senior Vice-President,
Asia, Eurasia & Latin America, Thales​


 

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KRAS Will Increase Ownership in Krakatau Posco to 50%​

MARKET - Monica Wareza, CNBC Indonesia
21 January 2022 10:10

View attachment 830430

Jakarta, CNBC Indonesia - State-owned steel producer PT Krakatau Steel Tbk (KRAS) will increase its ownership in a joint venture (JV) with Posco, PT Krakatau Posco (PTKP) to 50%. This increase in ownership will be carried out by adding capital to the company.

Based on the disclosure of information released by the company, the capital to be added is in the form of land and a hot strip mill (HSM) 2 factory and all equipment, facilities, infrastructure or other things standing on the land.

After this transaction, Krakatau Steel's ownership in PTKP will increase to 50% non-controlling, from the current 30% ownership position and 70% ownership in Posco.

The company with Posco and PTKP have signed a Memorandum of In-Kind Transaction Procedure Agreement (MITPA) on December 31, 2021 for the proposed transaction.

The total value for this proposed transaction is US$ 265 million or around Rp. 3.78 trillion (assuming an exchange rate of Rp. 14,300/US$). Later, Krakatau Steel will acquire 422,800 new Series B shares with a nominal value of US$ 166 with a total value of US$ 70.18 million.

In this asset transfer, KRAS will also transfer its debts worth US$ 246.98 million or Rp. 3.53 trillion to PTKP. Because currently the HSM2 facility is being pledged as collateral to Commerzbank-AKA.

With this transaction, the company will benefit from a decrease in the value of liabilities and an increase in share ownership as well as additional income from this joint venture.

In addition, PTKP will also receive cash compensation of US$ 90 million (Rp 1.28 trillion) which will be used for restructuring and supporting working capital as well as obtaining non-cash compensation in the form of eliminating derivative obligations in article 3.4 of the Cooperation Agreement (JVA).

Completion of this transaction will wait for a number of requirements, starting from the approval of the Krakatau Steel, POSCO and PTKP corporations, approval of Krakatau Steel and PTKP creditors, PTKP's due diligence on the HSM #2 Facility, and JVA amendments.


Sales Increase, Krakatau Steel Earns Rp 384.23 Billion Profit in First Quarter-2022​



Reporter:

Bisnis.com​

Editor:

Martha Warta Silaban​

Wednesday, 27 April 2022 19:30 WIB



TEMPO.CO , Jakarta - State-owned company PT Krakatau Steel (Persero) Tbk. (KRAS) achieved a net profit of IDR 384.23 billion in the first quarter of 2022 thanks to export sales.

Citing the company's official statement, KRAS reported that in the first quarter of 2022, it recorded an increase in performance by pocketing a profit of Rp. 384.23 billion. The profit grew 15.02 percent compared to the same period last year.

Growth was also reported in the company's revenue achievement which increased 39.6 percent to Rp 9.78 trillion. Meanwhile, in the same period in the previous year, it recorded revenue of Rp. 7 trillion.

The Corporate Secretary of Krakatau Steel Pria Utama explained that in terms of tonnage, sales in the first three months of 2022 increased by 7.5 percent from the original 492kT to 529kT. Likewise, the production side increased by 9.5 percent from the first quarter of 2021, which was 483KT to 529KT in 2022.

"In this period, Krakatau Steel Steel also recorded a record export sales achievement in March 2022 which reached 116,406 tons," wrote Pria Utama in an official statement, quoted Wednesday, April 27, 2022.

In addition, Pria said that domestic steel sales also increased with a record domestic steel shipment which reached 245,000 tons in March 2022. Furthermore, the company said that Pria achieved EBITDA realization until March 2022 of Rp.772.26 billion.

“In 2022, we will continue to focus on the continuation of the company's restructuring and transformation program. With the achievement of good performance in early 2022, we believe that in 2022 Krakatau Steel will be better than 2021," said Silmy Karim, President Director of Krakatau Steel in an official statement.

Previously, Silmy in a hearing meeting with Commission IV of the DPR, Monday, April 11, 2022, said that with the condition of the world's steel supply receding due to the Russia-Ukraine war, the export rate in the first three months of this year was flowing fast. Last month alone Krakatau Steel's exports reached 116,406 tons, the highest monthly achievement so far. Meanwhile, last January, this state-owned steel producer shipped 63,731 tons of steel, bringing total exports in the first quarter of 2022 to 180,137 tons.

"With the current world development situation, there is an opportunity and we have penetrated the European market, this is a strengthening of KS' customer base," he said.

Meanwhile, in the development of downstream industries, Krakatau Steel cooperates with a number of partner manufacturers who have so far received supplies of raw materials to develop downstream products. Silmy called this effort a sharing economy , which is to utilize unused downstream industrial capacity utilities to generate added value for downstream products.

This has previously been realized with the collaboration between Krakatau Steel and PT Tata Metal Lestari in the development of residential building products made from modern steel construction.

"If we build a factory while our money is limited, then KS will have difficulty realizing downstream products. Finally we get an idea why we don't increase the installed capacity which is not yet maximized so that they are more efficient," he said.

 

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PT LEN Industry internal meeting

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Some of the on going programs

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PT Pindad new rifles

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Pindad Launched 2 new rifle variants, namely the Pindad SS Amphibious weapon and the Pindad SS Blackout weapon.

-Pindad SS Amphibious is an underwater assault rifle specially designed to kill enemies below at a range of 10 meters (Depending on the depth of personnel when shooting).

This rifle can also provide self-defense on land at a distance of 200 meters when used to fight in land areas.

The SS Amphibious uses MU5-TJ ammunition on land and when in the water this rifle uses MU5-BA ammunition which is specifically for combat in waters to a depth of 0-10 Meters.

-Pindad SS Blackout 300 is Pindad's newest weapon with various variants, namely SS Blackout V1, V2 and V3.

The difference is in the length of the barrel and the firing range of the weapon.
The SS Blackout weapon is designed for Special operations with medium-range combat (CQB), the SS Blackout is capable of spewing 300 lethal ammunition.
 

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KAI signs MoU with INKA on rolling stock, services

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Deputy State-Owned Enterprises (SOE) Minister Kartika "Tiko" Wirjoatmodjo speaks during an event in Jakarta for the signing of a memorandum of understanding (MoU) between PT INKA and PT KCI on May 9.(Ministry of State-Owned Enterprises/-)



Fadhil Haidar Sulaeman (The Jakarta Post)
PREMIUM
Jakarta ● Tue, May 10, 2022


State-owned commuter railway operator PT Kereta Api Indonesia Commuter (KCI), a subsidiary of PT Kereta Api Indonesia (KAI), has signed a memorandum of understanding (MoU) with state-owned train manufacturer PT Industri Kereta Api (INKA) to procure new rolling stock as it anticipates growing demand.

As explained during the signing ceremony on Monday, KCI plans to procure 16 commuter line trains holding 12 cars each, with the first batch expected to be delivered in 2024.

KCI operates the commuter lines in Greater Jakarta, as well as the Yogyakarta-Surakarta route.


Breakdown

16 electric train for commuter line
192 coaches ( passenger cars ) for passengers
 
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23 SEPTEMBER 2021

Indonesia holds offset talks with Abeking & Rasmussen for new hydrographic ship​

by Ridzwan Rahmat

Indonesia's Ministry of Defense (MoD) held a virtual meeting with German shipbuilder Abeking & Rasmussen to discuss the possible procurement of an ocean-going hydrographic vessel.

According to meeting documents provided to Janes by a government source, the event was held virtually on 3 September.

The meeting was headed by Director General of Defense Potential, Brigadier General Aribowo Teguh Santoso, while Abeking & Rasmussen officials were accompanied by representatives from the company's local agent PT Agrapana Nugraha Katara.

Also present during the meeting were representatives from Indonesian shipbuilders, PT Palindo Marine, PT Batamec, and PT Bandar Abadi, state-owned electronics company PT Len, and the deans of the machining and electro-informatics faculties at the Bandung Institute of Technology.

The source that provided Janes with the documents described the meeting as one that centred around how Abeking & Rasmussen can work with local companies should a contract for the hydrographic ship materialise.

Officials from the Indonesian MoD were also keen to understand if the vessel could be built in-country with assistance from German engineers, the source added.

Indonesia's Ministry of National Development Planning and MoD have approved a plan for the country to obtain up to USD150 million in foreign loans for the procurement of an ocean-going hydrographic ship.

It is one of 31 armed forces procurements, upgrades, and maintenance programmes for which permissions to source foreign loans have been approved by the ministries in 2021.

 

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View attachment 837858

NEW PARTNERSHIP BETWEEN PT LEN INDUSTRI AND THALES SET TO REVOLUTIONISE INDONESIA’S DEFENCE SECTOR​

20 APR 2022
DEFENCE INDONESIA
  • PT Len Industri and Thales have signed a strategic partnership agreement for further collaboration on a wide array of defence-related topics including radars, military satellites, electronic warfare, UAVs and combat management systems.
  • The agreement was signed between both organisations on 20th April 2022 in Surabaya on the launch occasion of Indonesia’s defence modernisation plan, in the presence of Indonesian President Joko Widodo and Minister of Defence, Prabowo Subianto.
  • The joint collaboration on these topics aligns with Indonesia’s drive to modernise and restructure its defence capabilities in an increasingly complex threat environment.
Indonesia has outlined an ambitious military modernisation plan through to the mid 2040s. The challenges of defending a vast archipelago amidst global threats support the country’s needs to focus more resources on strengthening its overall defence capabilities.

In support of Indonesia’s strong military ambitions, PT Len Industri and Thales have signed a strategic agreement for deeper collaboration in multiple defence topics. The agreement was signed in Surabaya on 20th April 2022, by Mr. Bobby Rasyidin, President Director for PT Len Industri and Mr. Guy Bonassi, Senior Vice-President, Asia, Eurasia and Latin America for Thales, with the event graced by President of Indonesia, Mr. Joko Widodo; Minister of Defence, Prabowo Subianto and other dignitaries.

In the frame of this agreement, PT Len and Thales will jointly explore and further develop solutions on topics including radars, Command & Control systems, military satellites, C5ISR, electronic warfare, UAVs and Combat Management Systems. For radars, the collaboration will include the planned transfer of technology for military and civilian radars, including local MRO activities, and the co-development of a national Command & Control (C2) radar.

Thales has been the leading partner of the Indonesian Navy for the last forty years, supplying combat systems for all warships in service. The strategic agreement will explore the co-development of a national Combat Management System (CMS) based on Thales’ TACTICOS CMS, currently deployed on the KRI Usman-Harun Multi-Role Light Frigate (MRLF).

With its strong credentials in radar technology and naval modernisation programmes, this agreement strengthens Thales’ industrial footprint in Indonesia, as a strategic partner to help the country reinforce its armed forces and defences across increasingly complex air and maritime domains. The agreement also affirms Thales’ commitment to building local expertise and growing its industrial footprint in Indonesia.




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Krakatau Posco's $3.5b steel mill project to finish construction by 2027



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The ASEAN-Republic of Korea Business Forum takes place in Jakarta on Thursday.(Mission of the Republic of Korea to ASEAN/Mission of the Republic of Korea to ASEAN)



Divya Karyza (The Jakarta Post)
PREMIUM
Jakarta
● Fri, May 20, 2022

Steelmaker PT Krakatau Posco, in cooperation with state-owned PT Krakatau Steel (KRAS), is set to expand to the second phase of an integrated steel mill project in a bid to capture the Southeast Asian electric vehicle (EV) market.

The steel mill project, which will include a blast furnace, is worth approximately US$3.5 billion and is expected to finish construction in 2027. It is part of both companies’ efforts to establish a steel complex with an annual output of 10 million tons in Cilegon, Banten.

Choi Busik, senior economist at Posco Research Institute, said the joint venture aimed to build an EV value chain in Indonesia by supplying battery materials and EV auto steel from South Korean steel giant Posco.

 

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PT Pindad sell Maung to civilian/public market

 
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SIGNING OF THE JOINT PRODUCTION CONTRACT MALE CLASS UCAV MISSION SYSTEM​

TA. 2022​

Wednesday, June 1 2022

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Jakarta, 31/05 Unmanned Aircraft (PTTA) type Medium Altitude Long Endurance (MALE) which is able to fly continuously 24 hours is a vehicle needed to maintain the sovereignty of the Republic of Indonesia from the air. In 2017 a joint agreement was formed in the form of the MALE Class Unmanned Aircraft Consortium (PTTA) with members consisting of the Ministry of Defense of the Republic of Indonesia, namely the Directorate General of Pothan Kemhan and Balitbang Kemhan, the Agency for the Assessment and Application of Technology (BPPT), the Indonesian Air Force (Dislitbangau), Institut Technology Bandung/ITB (FTMD), LAPAN, BUMN, namely PT Dirgantara Indonesia and PT Len Industri.

On Tuesday (31/5/2022), the Directorate General of Pothan Kemhan represented by the Secretary General of Pothan Kemhan Laksma TNI Sri Yanto, ST, and PT. Len Industri (Persero) represented by the Director of Business and Cooperation of PT. Len Industri (Persero) Wahyu Sofiadi signed a Contract for the Joint Production Program PTTA Mission System Class MALE TA. 2022. This program is the 4th year of mastery of PTTA Class MALE Mission System technology as part of the development of PTTA MALE Elang Hitam with Scope of Work EH1-B Data Alignment, GCS Upgrade Design System and On Board Test Bench for Proof of Concept (PTTA) .

In his speech, Secretary General Pothan Kemhan conveyed to PT. Len Industri (Persero) who received an assignment through this program to carry out the task in accordance with the agreement in the Contract. It is hoped that the mastery of the PTTA MALE Mission System technology can realize the independence of the Defense Industry in producing PTTA MALE to fill the needs of the Indonesian Air Force in maintaining the sovereignty of the Republic of Indonesia through the air. (Red Bagdatin-Dittekindhan)

 
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PT Info Global


As one of Indonesia's defense industries, Infoglobal showcased its superior avionics products in front of 23 representatives of Defense Attaches (Athan) of friendly countries. The products displayed include the C-130 Hercules cockpit mockup, Multi Purpose Cockpit Display (MPCD), Radar Monitor Unit (RMU), Flight Monitoring Display A13 (FMD-A13) and Electronics Flight Display 6.0 (EFD-6.0).


C-130 cockpit mockup and avionics products of Infoglobal
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Infoglobal CEO, Adi Sasongko together with Director for Defence International Cooperation Directorate General of Defence Strategy Ministry of Defence RI Brigjen TNI Steverly C. Parengkuan

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