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Jumat, 04 Oktober 2024

Rosan Appreciates KCC Glass's IDR 4 Trillion Investment and Readiness to Export to Europe

Batang, October 4, 2024 – Minister of Investment and Downstream Industry/Head of the Indonesia Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, expressed his appreciation to PT KCC Glass Indonesia (KCC Glass) for its Rp4 trillion investment and readiness to export to Europe. KCC Glass is located in the Batang Integrated Industrial Estate (KITB), Central Java.

Rosan conveyed this during the Heat-Up Ceremony of PT KCC Glass Indonesia (KCC Glass) held at the Batang Integrated Industrial Estate (KITB) on Thursday (03/10/2024).


He noted that KCC has demonstrated a significant commitment to supporting the growth of the glass industry in Indonesia. Rosan also revealed that KCC has invested substantial amounts and plans to further enhance its contributions in the future.


“The investment made by KCC has reached around Rp4 trillion, and moving forward, they plan to increase their investment to Rp8 trillion,” said Rosan.


He added that with the commencement of this process, KCC Glass is targeting to start production by November 2024.


High Appreciation

Rosan further expressed his high appreciation to KCC Glass for successfully establishing the largest sheet glass factory in Southeast Asia. He emphasized the importance of this facility in strengthening Indonesia's position in the global glass supply chain.


“KCC’s investment is the most ideal for us because it is export-oriented. Moving forward, we aim to attract more investments into Indonesia that are export-oriented,” explained Rosan.


Significant Contribution

Meanwhile, Chairman of KCC Glass, Chung Mong Ik, stated that most of the raw materials for KCC Glass Indonesia’s factory are sourced domestically, such as silica sand from Belitung and limestone from Bandung. He is optimistic that KCC Glass's presence will significantly contribute to Indonesia's economic growth.


“PT KCC Glass Indonesia will produce 438,000 tons of sheet glass annually on an area of 460,000 m². About 80% of this production, labeled as Made in Indonesia, will be exported to meet demand in Asia, Oceania, the Middle East, and Europe. This will establish Indonesia as a major player in the global glass industry,” said Chung Mong Ik.


PT KCC Glass Indonesia is a subsidiary of KCC Glass Corporation, the domestic market leader in glass in South Korea. KCC Glass was one of the companies facilitated by the Ministry of Investment and Downstream Industry/BKPM during the early stages of the Covid-19 pandemic in 2020, a time when many international companies delayed their operations. The company moved swiftly and began its groundbreaking by May 2021.


The presence of KCC Glass in Indonesia adds to the portfolio of South Korean investors in the country. From 2019 to the second quarter of 2024, the Ministry of Investment and Downstream Industry/BKPM recorded total investments from South Korea to Indonesia at USD11.6 billion, with the majority of investments focused on the manufacturing sector. 


For further information, please contact:

Ahmad Faisal Suralaga

Head of the Bureau of Communication and Information Services

Ministry of Investment and Downstream Industry/BKPM

E-mail: humas@bkpm.go.id

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