Indonesia's Ministry of Investment recently announced securing $7.46 billion in new investment commitments from several Chinese companies. This development followed meetings between Rosan Perkasa Roeslani, Indonesia's Minister of Investment and Chairman of the Investment Coordinating Board (BKPM), and representatives from Chinese firms such as Geely Automobile, Zhenshi Holding, Wanka New Materials, Hongshi Holding, Huayou Holding, China Energy Engineering Corporation, and CITIC Group.
Discussions with Geely Automobile focused on exploring investment opportunities in Indonesia's automotive industry. Zhenshi Holding, which already has multiple nickel smelting projects in Indonesia, plans a new $1 billion investment in the fiberglass sector. Wanka New Materials intends to invest $1 billion in the petrochemical derivatives sector, to be implemented in three phases. Hongshi Holding is set to invest nearly $5 billion in a new industrial area for silicon, polysilicon, and battery materials production, along with a power plant.
