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Economy in brief: Braun
to invest $100m in RI factory
The Jakarta Post | Business | Mon, July 22 2013, 11:54 AM
JAKARTA: Germany-based pharmaceutical company PT B. Braun Medical Indonesia will spend US$100 million to build a factory that will produce infusion and injection liquids in Cikampek, Karawang regency, West Java, to fulfill the needs of infusion in Indonesia and Asia-Pacific.
The company’s president director Manogaran said on Friday that for the first phase, B. Braun would spend $70 million to build the factory on 4 hectare site within 19 hectares of land at Indotaisei Industrial Estate.
The factory, he added, would produce 75 million bottles of infusion and medication for injections per year for the first phase. He said that about 50 million out of 75 million would be for the domestic market and the other 25 would be exported.
In the second phase, the company will build new production facilities with a capacity of 75 million bottles raising the total production capacity to 150 million bottles. The production from the second phase will be exported to Europe, Japan and Australia.
He added that the factory, which is scheduled to begin operating in 2015, would import the raw material, as it was not available in Indonesia.
PT B. Braun Medical Indonesia is a subsidiary of B. Braun Melsungen AG. It produces hospital care products, surgical instruments and out-patient care products, like blood glucose test kits and ear thermometer.
Economy in brief: Braun to invest $100m in RI factory | The Jakarta Post
APLN eyes Rp 50 trillion
flagship project in Java
Sea
The Jakarta Post | Business | Mon, July 22 2013, 11:43 AM
Publicly listed developer PT Agung Podomoro Land (APLN) is planning to develop mini cities worth billions of dollars on reclaimed land in northern Jakarta.
President director Trihatma Kusuma Haliman said the company had obtained the principal permit for the project — Pluit City — and was currently assessing the environmental impact of the project.
“We will apply for a reclamation permit once the assessment is completed,” Trihatma told The Jakarta Post in an interview last Friday.
“We hope to start the project soon.”
APLN intends to create three islands in the Java Sea waters and connect each with bridges and a highway to mainland Jakarta.
Thousands of houses, apartment units and other supporting facilities will be built on the three islands, which will be able to host around 700,000 people, according to Trihatma.
APLN will also develop dikes and brick walls to protect Jakarta’s mainland from the sea as well as preserve the mangrove forests, according to Trihatma.
The revitalization of a fishing kampong in Muara Angke may also be undertaken.
“The total investment for the three islands may reach Rp 50 trillion [US$4.95 billion],” Trihatma said.
“The project may take 10 years for development.”
Given the amount of investment and the project’s length, APLN will need to allocate at least Rp 5 trillion every year.
Trihatma said that as a listed public company, APLN would face no significant problems in raising the funds for the project.
APLN recently sold Rp 1.2 trillion in debt papers — the first part of its Rp 2.5 trillion continuous bonds issuances.
APLN shares were traded at Rp 345 apiece on Friday, unchanged from the previous closing.
The company reaped Rp 272 billion in net profit in the first quarter of the year, a slight 3 percent increase from the same period last year.
Its cash and cash equivalent stood at Rp 2.6 trillion as of the end of March.
“This will be APLN’s flagship project. In Jakarta’s [mainland] we can only develop a complex rather than a complete zone,” Trihatma said.
“On this reclamation area, we can develop what we want perfectly based on our own concept,” he said, adding the company had covered swamps in Sunter, North Jakarta, for the project and would now cover the sea.
Green Lake, another of the company’s projects, is a superblock development on 4 hectares of land in Sunter.
APLN is also now developing a superblock called Green Bay Pluit on a 12-hectare site on the North Jakarta coastline that will be close to the Pluit City project.
APLN’s Pluit City project is part of the Jakarta administration’s plan to develop the northern territory as the mainland area is close to residential saturation.
Jakarta — the country’s 740-square-kilometer capital city — is currently home to more than 10 million people.
The administration is planning to reclaim more land and create 17 new islands.
The creation of the landfill islands was first proposed by former Jakarta governor Fauzi Bowo as the first step in building a Rp 280 trillion giant sea wall.
A number of developers are reportedly seeking to take part in the reclamation project.
The reclamation project has drawn criticism from environmental activists and experts who argue it will damage sea resources and hamper the flow of water from rivers running through the capital, which in turn will make the annual Jakarta flooding even worse.
http://www.thejakartapost.com/news/2013/07/22/apln-eyes-rp-50-trillion-flagship-project-java-sea.html
Premium electronics enjoy
steady growth
The Jakarta Post | Business | Mon, July 22 2013, 11:38 AM
Electronics manufacturers are all excited about the market response to their premium products as more wealthy individuals choose to buy high-priced refrigerators and televisions for their homes.
The premium home electronics segment is estimated to grow 40 percent annually, according to Andi Irawan, LG Electronics Indonesia branch manager for hyper channel.
“We see big potential in this premium segment given that consumers in Indonesia have increasingly embraced digital lifestyles,” he said.
Samsung Electronics Indonesia consumer electronics head Bernard Ang, meanwhile, said that in the television segment alone, the pricier smart TV market had grown 52.1 percent, outpacing the 27.8 percent increase registered by regular flat panel televisions.
“Samsung has been driving the growth for smart TVs and that is why more than half of the market for this segment is ours,” he told The Jakarta Post.
Smart televisions, unlike regular flat panel units, are embedded with richer technology such as motion and voice sensors.
Ang said the entry of smart TVs into the market had formed a new segment — the “super premium” — in which each unit cost Rp 100 million (US$9,900) and above.
“We are just seeing the beginning of the super premium segment as sales steadily increase,” he told the Post.
The trend has not been lost on major electronics brands, which have started churning out products for this elite consumer group — high net worth individuals (HNWI) — that asset management firm Julius Baer predicts will number 104,000 Indonesians by 2015.
Samsung, for example, has released its 85-inch ultra-high definition (UHD) smart TV for roughly Rp 400 million while Sony markets its 84-inch Bravia 4K for about Rp 300 million.
Meanwhile, LG’s 84-inch UHD television carries a price tag of approximately Rp 200 million.
Ang said a particular buyer had even bought six 65-inch and 75-inch televisions, the prices of which start from Rp 50 million each.
According to Ang, purchases of premium televisions were on the rise because high-income customers see home electronics as statements of their lifestyle.
“Super high-end buyers want not only good quality products but also those that offer good aesthetics,” he said, adding that this elite group consisted of entrepreneurs and senior professionals who had “made it”.
He added that such customers also bought Samsung multi-door refrigerators worth around Rp 40 million to install in the family kitchen as show-and-tell pieces during house parties.
LG is also offering side-by-side refrigerators for approximately Rp 45 million.
“They like to have the latest things in their houses to talk about,” Ang pointed out.
He added that although Jakarta was still the sales locus of premium products, the Korean electronics manufacturer also saw sales in Surabaya, East Java, and Medan, North Sumatra, as wealth distribution spread outward from the
capital.
“We have also seen growth in Palembang [South Sumatra], Banjarmasin [South Kalimantan], Samarinda [East Kalimantan] and Makassar [South Sulawesi] for our 46-inch televisions,” he said.
Andi of LG Electronics Indonesia added that the mushrooming of modern electronics retail centers had helped the distribution of premium products.
“We are supported by a nationwide distribution system,” he said, adding that the manufacturer drove sales through appealing store displays and offering special promotions to would-be buyers.
Sony Indonesia spokesperson Peggy Anastasia said that as Indonesia’s economy marched forward, so would the premium consumer electronics market.
“We feel confident of this segment as the economy grows,” she said.
The World Bank expects the Indonesian economy to grow 5.9 percent this year.
—JP/Mariel Grazella
http://www.thejakartapost.com/news/2013/07/22/premium-electronics-enjoy-steady-growth.html
to invest $100m in RI factory
The Jakarta Post | Business | Mon, July 22 2013, 11:54 AM
JAKARTA: Germany-based pharmaceutical company PT B. Braun Medical Indonesia will spend US$100 million to build a factory that will produce infusion and injection liquids in Cikampek, Karawang regency, West Java, to fulfill the needs of infusion in Indonesia and Asia-Pacific.
The company’s president director Manogaran said on Friday that for the first phase, B. Braun would spend $70 million to build the factory on 4 hectare site within 19 hectares of land at Indotaisei Industrial Estate.
The factory, he added, would produce 75 million bottles of infusion and medication for injections per year for the first phase. He said that about 50 million out of 75 million would be for the domestic market and the other 25 would be exported.
In the second phase, the company will build new production facilities with a capacity of 75 million bottles raising the total production capacity to 150 million bottles. The production from the second phase will be exported to Europe, Japan and Australia.
He added that the factory, which is scheduled to begin operating in 2015, would import the raw material, as it was not available in Indonesia.
PT B. Braun Medical Indonesia is a subsidiary of B. Braun Melsungen AG. It produces hospital care products, surgical instruments and out-patient care products, like blood glucose test kits and ear thermometer.
Economy in brief: Braun to invest $100m in RI factory | The Jakarta Post
APLN eyes Rp 50 trillion
flagship project in Java
Sea
The Jakarta Post | Business | Mon, July 22 2013, 11:43 AM
Publicly listed developer PT Agung Podomoro Land (APLN) is planning to develop mini cities worth billions of dollars on reclaimed land in northern Jakarta.
President director Trihatma Kusuma Haliman said the company had obtained the principal permit for the project — Pluit City — and was currently assessing the environmental impact of the project.
“We will apply for a reclamation permit once the assessment is completed,” Trihatma told The Jakarta Post in an interview last Friday.
“We hope to start the project soon.”
APLN intends to create three islands in the Java Sea waters and connect each with bridges and a highway to mainland Jakarta.
Thousands of houses, apartment units and other supporting facilities will be built on the three islands, which will be able to host around 700,000 people, according to Trihatma.
APLN will also develop dikes and brick walls to protect Jakarta’s mainland from the sea as well as preserve the mangrove forests, according to Trihatma.
The revitalization of a fishing kampong in Muara Angke may also be undertaken.
“The total investment for the three islands may reach Rp 50 trillion [US$4.95 billion],” Trihatma said.
“The project may take 10 years for development.”
Given the amount of investment and the project’s length, APLN will need to allocate at least Rp 5 trillion every year.
Trihatma said that as a listed public company, APLN would face no significant problems in raising the funds for the project.
APLN recently sold Rp 1.2 trillion in debt papers — the first part of its Rp 2.5 trillion continuous bonds issuances.
APLN shares were traded at Rp 345 apiece on Friday, unchanged from the previous closing.
The company reaped Rp 272 billion in net profit in the first quarter of the year, a slight 3 percent increase from the same period last year.
Its cash and cash equivalent stood at Rp 2.6 trillion as of the end of March.
“This will be APLN’s flagship project. In Jakarta’s [mainland] we can only develop a complex rather than a complete zone,” Trihatma said.
“On this reclamation area, we can develop what we want perfectly based on our own concept,” he said, adding the company had covered swamps in Sunter, North Jakarta, for the project and would now cover the sea.
Green Lake, another of the company’s projects, is a superblock development on 4 hectares of land in Sunter.
APLN is also now developing a superblock called Green Bay Pluit on a 12-hectare site on the North Jakarta coastline that will be close to the Pluit City project.
APLN’s Pluit City project is part of the Jakarta administration’s plan to develop the northern territory as the mainland area is close to residential saturation.
Jakarta — the country’s 740-square-kilometer capital city — is currently home to more than 10 million people.
The administration is planning to reclaim more land and create 17 new islands.
The creation of the landfill islands was first proposed by former Jakarta governor Fauzi Bowo as the first step in building a Rp 280 trillion giant sea wall.
A number of developers are reportedly seeking to take part in the reclamation project.
The reclamation project has drawn criticism from environmental activists and experts who argue it will damage sea resources and hamper the flow of water from rivers running through the capital, which in turn will make the annual Jakarta flooding even worse.
http://www.thejakartapost.com/news/2013/07/22/apln-eyes-rp-50-trillion-flagship-project-java-sea.html
Premium electronics enjoy
steady growth
The Jakarta Post | Business | Mon, July 22 2013, 11:38 AM
Electronics manufacturers are all excited about the market response to their premium products as more wealthy individuals choose to buy high-priced refrigerators and televisions for their homes.
The premium home electronics segment is estimated to grow 40 percent annually, according to Andi Irawan, LG Electronics Indonesia branch manager for hyper channel.
“We see big potential in this premium segment given that consumers in Indonesia have increasingly embraced digital lifestyles,” he said.
Samsung Electronics Indonesia consumer electronics head Bernard Ang, meanwhile, said that in the television segment alone, the pricier smart TV market had grown 52.1 percent, outpacing the 27.8 percent increase registered by regular flat panel televisions.
“Samsung has been driving the growth for smart TVs and that is why more than half of the market for this segment is ours,” he told The Jakarta Post.
Smart televisions, unlike regular flat panel units, are embedded with richer technology such as motion and voice sensors.
Ang said the entry of smart TVs into the market had formed a new segment — the “super premium” — in which each unit cost Rp 100 million (US$9,900) and above.
“We are just seeing the beginning of the super premium segment as sales steadily increase,” he told the Post.
The trend has not been lost on major electronics brands, which have started churning out products for this elite consumer group — high net worth individuals (HNWI) — that asset management firm Julius Baer predicts will number 104,000 Indonesians by 2015.
Samsung, for example, has released its 85-inch ultra-high definition (UHD) smart TV for roughly Rp 400 million while Sony markets its 84-inch Bravia 4K for about Rp 300 million.
Meanwhile, LG’s 84-inch UHD television carries a price tag of approximately Rp 200 million.
Ang said a particular buyer had even bought six 65-inch and 75-inch televisions, the prices of which start from Rp 50 million each.
According to Ang, purchases of premium televisions were on the rise because high-income customers see home electronics as statements of their lifestyle.
“Super high-end buyers want not only good quality products but also those that offer good aesthetics,” he said, adding that this elite group consisted of entrepreneurs and senior professionals who had “made it”.
He added that such customers also bought Samsung multi-door refrigerators worth around Rp 40 million to install in the family kitchen as show-and-tell pieces during house parties.
LG is also offering side-by-side refrigerators for approximately Rp 45 million.
“They like to have the latest things in their houses to talk about,” Ang pointed out.
He added that although Jakarta was still the sales locus of premium products, the Korean electronics manufacturer also saw sales in Surabaya, East Java, and Medan, North Sumatra, as wealth distribution spread outward from the
capital.
“We have also seen growth in Palembang [South Sumatra], Banjarmasin [South Kalimantan], Samarinda [East Kalimantan] and Makassar [South Sulawesi] for our 46-inch televisions,” he said.
Andi of LG Electronics Indonesia added that the mushrooming of modern electronics retail centers had helped the distribution of premium products.
“We are supported by a nationwide distribution system,” he said, adding that the manufacturer drove sales through appealing store displays and offering special promotions to would-be buyers.
Sony Indonesia spokesperson Peggy Anastasia said that as Indonesia’s economy marched forward, so would the premium consumer electronics market.
“We feel confident of this segment as the economy grows,” she said.
The World Bank expects the Indonesian economy to grow 5.9 percent this year.
—JP/Mariel Grazella
http://www.thejakartapost.com/news/2013/07/22/premium-electronics-enjoy-steady-growth.html