KITB Attracts IDR 900 Billion Investment, Ready To Encourage The Economy And Absorb Thousands Of Workers

Photo: Doc. PT Batang Integrated Industrial Estate (KITB)

PT Kawasan Industri Terpadu Batang (KITB) has again recorded a major step in attracting global investment. In a ceremony at the Ballroom of the KITB Management Building, this company signed an Industrial Land Utilization Agreement (PPTI) with PT Sumber Sukses Machinery (SSM) and PT Xian Jian Indonesia (NCH), as well as a Commercial Spatial Rental Agreement with PT Bank Tabungan Negara Indonesia (Persero).

The two companies from China are committed to developing their business in Indonesia through investment with a total value of more than 900 billion rupiah, which is expected to be able to create thousands of new jobs and support local economic development.

Strategic Investment: Building Infrastructure and Reducing Import Dependence of PT Sumber Sukses Machinery (SSM) will utilize 7.78 hectares of land in phase 2 of the KITB industrial area with an investment value of 200 billion rupiah. This company is engaged in steel construction fabrication and manufacturing, producing retired and zinc qualified B2. With artificial intelligence-based automation (AI) technology, PT SSM is ready to strengthen Indonesia's steel supply chain while reducing dependence on imports. This project is projected to absorb 790 local workers.

"We believe that Indonesia has great potential in developing the steel industry. With the facilities and support from KITB, we believe we can create a competitive production ecosystem and contribute to reducing dependence on steel imports in Indonesia," said Liu Yanli, Director of PT SSM, in a written statement, Monday, November 18.

Meanwhile, PT Xian Jian Indonesia (NCH) continued its expansion at KITB with an additional 8.8 hectares of land, bringing their total land ownership to 18 hectares. The company's total investment now reaches IDR 700 billion (USD 50 million). As a producer of leather shoe raw materials that have supplied world brands such as Nike, Adidas, New Balance, Vans, UGG, Timberland, to Converse, NCH is expected to absorb 2,000 local workers.

"We have partnered with global shoe brands for years, and our expansion at KITB is a strategic step to meet the growing market demand. The full support from KITB gives us confidence to continue to grow in Indonesia," said Hui Wai Po, President Director of NCH.

In addition to PPTI, KITB also welcomes PT Bank Tabungan Negara Indonesia (Persero) as the 4th Himbara bank which is a commercial tenant at PT KITB which is ready to operate in early 2025. Bank BTN sees great potential to provide housing financing for employees who work in this area, as well as support affordable housing development for local workers.

BTN is ready to support the growth of this industrial area by providing the best banking services that support the needs of investors and workers. We are proud to be part of the development of KITB," said Novardha Handiantyo, Branch Manager of BTN Pekalongan Branch Office.

KITB President Director, Ngurah Wirawan, expressed his optimism. According to him, this investment not only increases Indonesia's competitiveness at the global level, but also has a positive impact on local communities through job creation and technology transfer.

"We are committed to continuing to make KITB a strategic investment center that supports national economic growth," he said.

With a high commitment to provide the best facilities and ease of investing, KITB further strengthens its position as a leading industrial area in Southeast Asia. This large investment is a clear proof that KITB is a strategic choice for global investors who want to contribute to Indonesia's economic development.