Business · Companies · 18 hrs ago
Tiran Nusantara and Conch Agree on Rp10 Trillion Initial Investment
Indonesia’s Tiran Nusantara Group has agreed to an initial investment of Rp10 trillion with China’s Conch Investment Holdings.
The deal was signed in Anhui, China, on October 9.
It covers plans for a lithium battery anode materials factory, a plastic packaging factory, a wind power plant and a waste-to-energy plant.
Conch already has investments in Indonesia, which the article says total Rp30 trillion.
The companies’ ownership shares will vary by project, with either company holding 49% or 51%.
Tiran says the industrial projects are intended to support local manufacturing and could employ 5,000 people.
The partners plan to increase the value of their cooperation gradually.
PT Tiran Nusantara Grup and China’s Conch Investment Holdings agreed to an initial investment of Rp10 trillion in manufacturing and green energy.
The agreement was signed in Anhui, China, on Friday, October 9.
Planned projects include a lithium battery anode materials plant, a plastic packaging plant, a wind power plant and a waste-to-energy plant.
Tiran Nusantara Group said the industries could employ 5,000 people.
The companies plan to divide ownership differently across joint ventures, with each holding either 49% or 51%.
- Who
- PT Tiran Nusantara Grup and Conch Investment Holdings (Hong Kong) Ltd.
- What
- They agreed to an initial investment of Rp10 trillion in manufacturing and green energy projects.
- When
- The agreement was signed on October 9, 2026.
- Where
- Anhui, China.
- Why
- The cooperation is intended to support manufacturing, green energy and downstream industries in Indonesia.
This story does not have two clearly opposing sides.
This cooperation confirms international partners' confidence in Indonesia's investment climate and national industrial capacity. We are committed to building downstream industries that can employ 5,000 people and strengthen economic self-reliance.
Tiran Nusantara Group and Conch signed the investment agreement in Anhui, China.
CNN Indonesia published its report on the agreement.
- Initial investment
- Rp10 trillion
- Signing location
- Anhui, China
- Planned employment
- 5,000 people
- Battery project
- Lithium battery anode materials plant
- Joint venture ownership
- Tiran Nusantara Group and Conch each hold 49% or 51%, depending on the project
Sources
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