Boston Furniture Industries Expands into Renewable Energy

Strategic Business Diversification

PT Boston Furniture Industries Tbk (SOFA), listed on the Indonesia Stock Exchange, has officially diversified its business into the renewable energy sector. This significant development was announced through an information disclosure to the Indonesia Stock Exchange on January 2, 2026. The company's subsidiary, PT Pratama Satya Prima, has been renamed Parivarta Energi Nusantara to reflect its new focus on renewable energy initiatives.

Waste-to-Energy Project Plans

The diversification strategy involves developing waste-to-energy projects, representing a major shift from SOFA's traditional furniture manufacturing business. According to Ezra Mohammed Dhanaguna, Director of SOFA, this move is in line with the plans and objectives of the controlling shareholders following the acquisition. The decision to enter the renewable energy sector was formalized through a circular resolution signed by the shareholders of PT Pratama Satya Prima.

Implications for Business Growth

This strategic expansion into renewable energy demonstrates SOFA's commitment to exploring new growth opportunities while contributing to Indonesia's transition towards sustainable energy sources. The waste-to-energy projects are expected to create new revenue streams for the company and potentially position it as a player in Indonesia's growing renewable energy market.