Periscope Insurance Co Ltd was originally founded in 1969 and in 1999 the company became part of the esteemed Bosowa Group. Today, having rebranded to become Bosowa Asuransi, the company is a leading general insurance provider in Indonesia within the medium segment of the market, providing general insurance coverage for both corporate and retail clients.
The company offers a comprehensive range of insurance products including motor insurance, personal liability insurance, fire and property insurance in addition to marine hull and marine cargo. Most recently, the company introduced health insurance products and is exploring the potential within the micro insurance sector for the future. Over the coming years, Bosowa Asuransi will focus on carving out its captive market across Bosowa Group’s subsidiaries as well as establishing a strong presence within the high growth regions of East Indonesia.
Bosowa Asuransi recognises the key role that general insurance has to play in supporting sustainable business growth in Indonesia. In preparation, the company is bolstering its internal capacity through strengthening its human resources and IT infrastructure as well as increasing its capital base and extending its retail branch network.
At a group and subsidiary level, Bosowa Group has demonstrated successes in working in collaboration with international partners looking to enter the Indonesian market within financial services. Bosowa Asuransi is therefore in a unique position within Indonesia’s general insurance sector to work with global insurance players who can offer technical expertise in insurance product development and marketing to collaborate together to untap Indonesia’s lucrative market and achieve the goal of being among the top five insurance companies in the middle class segment by 2014.
Chitose Internasional Tbk is one of Indonesia’s foremost manufacturers of furniture products, most notably acclaimed for its market-leading range of folding chairs as well as its role as an industry pioneer and trendsetter. With over 35 years of experience, the company has successfully carved out a dominant position in Indonesia demonstrated by a level of brand recognition (87%, Markplus 2014) that far exceeds its nearest competitor (61%) and a majority market share across multiple chair product segments. Advanced manufacturing capabilities overseen by a skilled team of engineers and a production capacity of 1.45 million units per annum has also seen Chitose establish itself as a leading supplier of furniture for office space, schools, restaurants and hospitals.
Spurring Chitose’s sustained growth are several key strengths including an unparalleled distribution network spread throughout the archipelago; dedication to innovation through R & D and the latest manufacturing technology; and an unyielding commitment to delivering quality. Such advantages make Chitose a trustworthy supplier serving export markets around the world as well as the ideal local manufacturing partner for foreign companies looking to Indonesia as a strategic manufacturing base.
Having taken the next step in its corporate evolution following an Initial Public Offering in 2014, Chitose stands to expand upon its expertise in folding chairs through a diversification strategy that has already seen the company introduce value added furniture catering to the education and healthcare sectors. Given renewed government focus on the development of these fields, Chitose presents highly promising investment opportunities to investors looking to tap into niche sectors of the furniture industry with immense growth potential.
Dinamika Energitama Nusantara Indonesia (DEN Indonesia) is a power generation company focused on environmentally sustainable technologies for small scale power plants. Founded in 2003, DEN provides total solution engineering services and component manufacture for boilers and power plants adhering to the highest international quality standards while utilising local human resources and locally manufactured content.
The company was established in response to Indonesia’s increasing domestic energy demands as well as the need for reliable energy supply and small scale power generation for the country’s industries and outlying islands. In meeting this need, DEN has simultaneously made it a goal to replace existing diesel engines prevalent amongst remote villages with more cost-effective and environmentally friendly alternatives. Through intensive concentration on research and development on this vital market segment for Indonesia’s regional development, DEN has developed its own revolutionary stoker boiler design that can utilise a variety of waste products as fuel sources providing energy efficiency thus making a significant contribution to the country’s shift from diesel powered to steam powered energy transmission.
With a decade of experience in the market, a team of over 100 qualified engineers and the latest cutting edge technology, DEN has constructed and continues to maintain boilers and power plants across the archipelago for private clients as well as state utility agencies and energy companies.
Depo Bangunan was established in 1996 and pioneered the ‘one stop shop’ supermarket concept for building materials in Indonesia. Offering a wide variety of products that appeal to the specialised contractor as well as the everyday consumer, the stores cater to a broad customer base by offering total convenience for all types of renovation and home improvement projects. The existing store network is made up of seven supermarkets, six of which are in Java and one in Bali. Each store offers a fully-integrated service with warehouses and workshops on site as well as customer amenities. Products include tiles, paints, sanitaryware and electrical fixtures which are sourced from leading local and international manufacturers such as TOTO, American Standard, Roman, Jotun, and Dulux. The company continuously responds to customer needs through its product range such as the introduction of a ‘Kitchen Centre’ in 2006 while future store openings will centre on providing customer accessibility in Indonesia’s fastest growing urban centres. Furthermore, Depo Bangunan has also recently expanded its Serpong store to accommodate the growing demand for sanitary and flooring products in Indonesia. Being primarily focused on product quality and aftersales care has firmly established the Depo Bangunan brand name throughout the archipelago as being synonymous with reliability and value for money. The introduction of new management software by ETP which is also employed at multinationals such as IKEA has further enhanced the level of service offered to customers by effectively streamlining communication across the retail store and warehouse network. Depo Bangunan is thus continuing to improve its service and retail network to effectively position itself in Indonesia’s growing consumer market for building materials.
Enduro was established in 2002 focused on delivering the highest quality locally made office furniture adhering to international standards and utilising sustainable materials for the Indonesian market. Placing a strong focus on in house research and development enables the company to stay ahead of the latest global trends in design, production methods and materials. Striking the perfect balance between cutting edge design and user comfort; the Enduro brand has become a market leader and trusted name in high end modular office furniture being found in offices of renowned local and multinational organisations from Aceh to Papua.
The Enduro product range concentrates on workplace productivity including ergonomically designed chairs, stylish conference tables, effective storage solutions and sleek modular workstations that provide everyday flexibility; all of which can be fully customised to client’s specific tastes and organisational objectives.
The company’s new manufacturing facilities located in BSD City, Tangerang provide expanded production capacity boasting state of the art technology and strict quality control testing facilities. Environmentally sustainable production methods are employed throughout the factory in line with Enduro’s firm commitment to green practices and minimal waste for which it will soon be awarded the Green Mark. Having recently expanded to the Singaporean market, the company is now poised to venture further into the ASEAN market as well as enter promising markets throughout Asia such as India in collaboration with well-established agents and distributors.
Introduced in 2011, ENVIPLAST® is a pioneer of unique bio-based polymer compounds that was created by Inter Aneka Lestari Kimia and is now under Intera Lestari Polimer, an experienced producer of masterbatch and bio-based polymer compound products. The group’s in-house team of scientists created the eco-friendly ENVIPLAST® range of products in direct response to growing environmental concerns regarding the use of conventional plastic bags and film, and in anticipation of heightened demand for alternatives to products derived from fossil-based resources. ENVIPLAST®’s bio-based polymer compound is derived from raw materials such as cassava, corn, and other industrial natural starches not allocated for use in the food supply chain, as well as vegetable oil derivatives. As such, the company taps into the abundance of sustainable natural resources available in Indonesia and is readily positioned to offer ENVIPLAST® as an alternative to a possible wide range of applications for plastic. ENVIPLAST® continues to carry out extensive research and development to provide novel innovations and offer new products that meet the evolving needs of its global customers. Responding to rapid growth in Indonesia’s consumer goods industry, the company recently introduced wrapping film that has the potential to be utilised as packaging for electronic products and groceries due to its distinctive protective properties. ENVIPLAST® currently seeks to collaborate with local and international businesses to discover further lucrative applications for their bio-based polymer compound product. With increasing global awareness of plastic pollution, Inter Lestari Polimer is the manufacturer of choice for local and international companies seeking to cater to the demands for bioplastic products. As such, ENVIPLAST® is able to provide bio-based compound pellets — to partners wanting to manufacture their own bio-based products — in addition to finished products ranging from shopping bags to garbage and laundry bags amongst many others. Furthermore, this provides future international partners with the potential to utilise their own local resources of cassavas, corn, and other industrial starches to produce bio-based products and, thus, positively impacting local economies in the long-term.
Founded in 1996, Grage Group is a leading Indonesian property developer with specialised expertise in the country’s fast-growing secondary cities. With a project portfolio comprised of strategically located real estate in Bengkulu, Kuningan, Yogyakarta, Malang as well as developments in Jakarta; the company is anchored in the port city of Cirebon – its commercial stronghold and longstanding area of focus. Embracing a corporate culture closely influenced by the Indonesian spirit and an in-depth understanding of the Indonesian lifestyle as well as property market, Grage Group stands at the forefront of modern living and convenience implemented within both commercial and residential real estate.
Grage Group – as a multi-skilled developer for landed property, high-rise buildings, shopping malls, and hospitals – is at the heart of innovation as evident in its prime positioned properties offering easy accessibility and comfort for individuals in the suburbs as well as cities. As a response to the domestic market’s demand for added value in property ownership, the company draws upon unsurpassed home design in addition to meeting high-quality service standards for its real estate ventures.
Standing at the forefront of Indonesia’s highly lucrative property sector, Grage Group actively engages in international partnerships for technology transfer which has thus seen the company earn the longstanding trust of numerous prominent local and international companies. Grage Group’s investment in its human resources is in keeping with its corporate mission of delivering the best and as such has seen the company develop upon its wide-ranging set of skills. Grage Group’s latest project, the Rumah Sakit Ibu dan Anak (RSIA) Grage City hospital, demonstrates the company’s capabilities whereby residents of the company’s landmark township development, Grage City, are provided with a modern health services centre. Having garnered two decades of expertise, Grage Group has the foundations in place to expand its property portfolio and work closely with partners to establish iconic projects across Indonesia.
PT Gunung Putri Graha Mas was founded in 1982 as a producer of building materials before evolving into a manufacturer of customised Fiberglass Reinforced Plastics (FRP) and solid surfacing products. A leader in both the domestic and global FRP industry, the company was the first Indonesian FRP producer to be ISO 9001: 2000 certified and has the distinction of manufacturing the world’s largest FRP acid storage tank. Gunung Putri Graha Mas is best characterised by its overarching commitment to continuous internal improvement prioritising efficiency and professionalism, while maintaining a close-knit corporate culture befitting its heritage as a family owned business.
Building off of its early success, Gunung Putri Graha Mas undertook a substantial expansion, driven by rapidly rising domestic demand for fiberglass based products in line with the growth of Indonesia’s industrial and natural resources sectors. Over the last decade, the company has increased its workforce from 50 to 240 workers and has recently relocated to a new, streamlined 7,000 m2 factory in West Java facilitating the company’s readiness to serve a broad spectrum of clients requiring customised fibreglass products. Gunung Putri Graha Mas has already established market leading brands namely Whale within customised tanks, Bilionite within solid surfacing materials and Orca within pre-fabricated bathroom units, all of which are highly regarded for their quality, performance and durability.
With over three decades of experience in manufacturing products for both domestic and international clients including GE, Vale Inco and Veolia Water Technologies; Gunung Putri Graha Mas is well positioned as a mature player within the global fiberglass industry. The company has already proven its credentials through successful international collaborations to create new, innovative products tailored to unique customer specifications and is now poised to explore further areas of application for fiberglass products to offer solutions to the domestic and global export market.
Founded in 1982 by a team of innovation-driven engineers, Hariff Daya Tunggal Engineering is a leading provider of engineering services tailored to the telecommunications sector in Indonesia. Best known for its highly reliable power system solutions ranging from rectifiers to inverters and generators, the company is a trusted supplier to the country’s biggest telecommunication operators including Telkomsel, Indosat, and XL. Complete coverage of the archipelago through multiple branches and warehouses on every major island has seen Hariff ensure the seamless operation of base transceiver stations across the country.
Now ready to build upon its marked success in serving the telecommunications sector, Hariff Daya Tunggal Engineering stands on the precipice of an expansion into other industries requiring a consistent power supply in locations where this can be hard to come by. Businesses in mining and forestry are of immediate interest to the company as prospective clients for the future. In this regard, Hariff seeks to strengthen its position as the premier manufacturing partner in Indonesia for the growing number of domestic and international companies facing local content requirements.
Hariff’s business strategy is embodied in the concept of ‘pursuing progress through innovation and technology’, and it is by following this guiding principle that the company has also developed the ability to manufacture advanced equipment such as network monitoring systems and broadband wireless. The company’s most recent venture has seen it move into the field of renewable energy solutions, where it has already pioneered the use of solar panel technology in mobile gensets, streetlights and plantation light traps. Going forward, Hariff sees significant potential in collaborating with international partners to adapt new innovations in green technology to the Indonesian market.
Indaco is a leading Indonesian high-quality paint manufacturer and recognised brand within the paint and coatings industry. Established in 2004, the company is headquartered in Solo, Central Java with an extensive in-house distribution network stretching across the archipelago. Since establishment, the company has swiftly and effectively carved out its market position within the rapidly growing Indonesian decorative paint and coatings industry, being widely used by local and multinational contractors for real estate and infrastructure projects. Having incurred steadfast growth, Indaco is eager to further solidify its market-leading presence on a national and international level thus the company is set on carrying out its plans of becoming a publicly-listed company in the near future. Indaco’s ISO 9001-certified manufacturing facilities are strategically located in Solo, Central Java for efficient access to the mainstay market of Java in addition to the fastest growing regions of the country including the east of Indonesia. Indaco’s current brand and product portfolio includes water soluble decorative paints, anti-corrosive coatings and wood stains under the Belazo and Envitex brands. Moving in-line with the company’s emphasis on the principle of innovation, Indaco relaunched its Belazo brand in 2016 which offers a modern product packaging in addition to a larger selection of colour palettes, therefore, strategically positioning the premium quality paint brand in the market. The company dedicates ample resources to its in-house Research and Development department for the development of new and innovative products that cater to the needs of the Indonesian market. Moreover, Indaco has expanded its factory facilities in order to anticipate the increasing demand for superior quality paint products in Indonesia. This approach has enabled Indaco to effectively compete in the marketplace by providing the highest quality, value-added products using environmentally-friendly production methods and materials. For the future, the company is currently developing new products to introduce to the local Indonesian market as well as enhancing its existing portfolio within water soluble decorative paints. Indaco is poised to take full advantage of Indonesia’s potential in increased paint consumption and is therefore well positioned to work with international partners and investors within the paint and coatings industry.
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