- 51/49 joint venture for power transformers to serve the Indonesian market
- Joint venture is operating under the name "PT. Trafoindo Power Indonesia"
Siemens and PT. Trafoindo Prima Perkasa ("Trafoindo"), a privately-owned transformer company based in Jakarta, have agreed to enter into a joint venture for manufacturing of power transformers. The company will be named "PT. Trafoindo Power Indonesia - a Joint Venture between Trafoindo and Siemens Company". Siemens will hold a minority share of 49 percent and Trafoindo will hold a 51 percent stake in the joint venture. The production facility will be located at Trafoindo Premises in Tangerang, Jakarta, Indonesia. In the initial phase the new joint Venture company will create as many as 200 jobs. Initial production is scheduled to start in 2019 with an annual capacity of approximately 200 units. The joint venture will be manufacturing and selling mainly medium power transformers, for public utilities, independent power producers, renewable and industrial applications. The effective date of the joint venture operation is expected to start in the last quarter of calendar year 2018.
"Indonesia has a high electrification demand due to a growing population and the ever increasing standard of living which reflect on an unprecedented urbanization and industrialization," says Beatrix Natter, CEO of the Business Unit Transmission Products at Siemens Energy Management Division. "Together with our valued partner Trafoindo, we are excited to enter into this dynamic market and supply our innovative transformer technologies to the country." This step is also in line with the spirit to strengthen Indonesia's industrial capacity, as well as with Siemens' vision to support localization and boost the strategic role of Indonesia in the global supply chain.
Together with our valued partner Trafoindo, we are excited to enter into this dynamic market and supply our innovative transformer technologies to the country.Beatrix Natter, CEO of the Business Unit Transmission Products, Energy Management Division, Siemens AG
PT. Trafoindo Prima Perkasa (Trafoindo) is an Indonesia's pre-eminent manufacturer of distribution transformers and related products for power distribution. Since 1981, Trafoindo has consistently applied the latest manufacturing technology and technical solutions to support the country’s rapid growth in electrification, urbanization and digitization. Today, Trafoindo has become Indonesia's largest integrated transformer manufacturer servicing utility and multiple industry segments. With four specialized manufacturing facilities and a robust engineering infrastructure for product development, end-to-end quality control and technical services; Trafoindo continues to extend our reach into high-specification industries such as oil & gas, mining, mass transport and data centres.
"We are pleased to enter into a joint-cooperation with a reputable partner like Siemens to serve the power transformer market," says Suryono Limputra, President Director of Trafoindo. This is in line with Trafoindo's business strategy. In addition to serving the Indonesia's public utility and private sectors, we also aim to address regional demand from this joint venture.
Contact for journalists
Martha Siallagan, Media Relations, PT Siemens Indonesia, Phone: +62 21 2754-3009; E-mail: email@example.com