AKR Corporindo's Performance Boosted by JIIPE Development

Introduction to AKR Corporindo and JIIPE

PT AKR Corporindo Tbk (AKRA) is a leading Indonesian company engaged in the development and management of industrial estates, among other businesses. One of its notable projects is the Java Integrated Industrial and Port Estate (JIIPE), a strategic industrial area designed to attract global manufacturers.

Recent Development in JIIPE

Recently, AKR Corporindo, through its subsidiary PT Berkah Kawasan Manyar Sejahtera (BKMS), handed over an additional 20 hectares of industrial land in JIIPE to PT GEABH Joint Technology, a subsidiary of Sichuan Golden Elephant Chemical. This land will be used for the development of environmentally friendly chemical facilities, including the production of melamine, nitric acid, and ammonium nitrate. Golden Elephant is also evaluating the possibility of producing ammonia and synthetic urea using Indonesia's natural gas resources.

Strategic Importance of JIIPE

The investment by Golden Elephant reinforces JIIPE's position as a strategic destination for global manufacturers. According to Haryanto, Director of AKR Corporindo, this development supports the company's long-term strategy of focusing on industrial estate business as one of its main pillars. The growth of JIIPE is expected to contribute significantly to AKR Corporindo's performance, driven by the increasing demand for industrial land and facilities in the area.

Conclusion

In conclusion, AKR Corporindo's performance is expected to remain strong, driven by the development of JIIPE and the growing demand for its industrial estate management services. The recent investment by Golden Elephant is a testament to JIIPE's attractiveness as a strategic industrial hub, and AKR Corporindo is well-positioned to benefit from this growth.