Published: 2010/12/25
Integrax Bhd, which already owns a port in Indonesia, plans to open two more ports there by 2020 to capitalise on the republic's rising demand for commodities and raw materials.
 |
Integrax (9555) already holds 80 per cent of Jakarta stock exchange-listed PT Indoexchange Tbk, which operates a port and provides marine services in Java.
Integrax executive director and co-chief executive officer Harun Halim Rasip said the company may build new ports either in Sumatera, Java or Kalimantan.
"The ports could either be built on brownfield or greenfield areas. By 2020, we aim the three ports to have an equity value of US$150 million (RM465 million)," Harun told Business Times in an interview in Kuala Lumpur recently.
Business prospects are good because over 17,000 islands in the country need to be linked by ports, and in East Java alone, the population is above 40 million people.
"Indonesia offers good potential for the port industry as the country is mainly connected by seaborne logistics," said Harun.
Indonesia is also Southeast Asia's biggest economy with a population ten times larger than Malaysia. It is also a large exporter of palm oil, coal and other minerals.
"Indonesia is hastening a deregulation process that began almost two years ago to increase competitiveness and improve efficiencies in its port industry," he added.
Apart from port operations, Integrax also manages an industrial park.
The company owns 80 per cent of the Lekir Bulk Terminal and 50 per cent (minus one share) of the Lumut Maritime Terminal. Both are located near Lumut in Manjung, Perak. It also owns a port in the Philippines, which handles shipments like nickel.
With cash reserves of RM150 million, the company serve traders plying within the Southeast Asian region.
Integrax executive director and co-chief executive officer Harun Halim Rasip said the company may build new ports either in Sumatera, Java or Kalimantan.
"The ports could either be built on brownfield or greenfield areas. By 2020, we aim the three ports to have an equity value of US$150 million (RM465 million)," Harun told Business Times in an interview in Kuala Lumpur recently.
Business prospects are good because over 17,000 islands in the country need to be linked by ports, and in East Java alone, the population is above 40 million people.
"Indonesia offers good potential for the port industry as the country is mainly connected by seaborne logistics," said Harun.
Indonesia is also Southeast Asia's biggest economy with a population ten times larger than Malaysia. It is also a large exporter of palm oil, coal and other minerals."Indonesia is hastening a deregulation process that began almost two years ago to increase competitiveness and improve efficiencies in its port industry," he added.
Apart from port operations, Integrax also manages an industrial park.
The company owns 80 per cent of the Lekir Bulk Terminal and 50 per cent (minus one share) of the Lumut Maritime Terminal. Both are located near Lumut in Manjung, Perak. It also owns a port in the Philippines, which handles shipments like nickel.
With cash reserves of RM150 million, the company serve traders plying within the Southeast Asian region.
Read more: Integrax eyes more Indonesian ports http://www.btimes.com.my/Current_News/BTIMES/articles/GRAXDON/Article/index_html#ixzz19D42Rric
No comments:
Post a Comment