Wavin Begins Construction of US$125-Million Plant

By Editorial Team 04/10/2022
PVC pipes
Summary

PT Wavin Manufacturing Indonesia started the construction of a pipe factory in the Batang Integrated Industrial Estate, Central Java, on Monday. Investment Ministry/Investment Coordinating Agency's (BKPM) data showed that Wavin would spend US$125 million for the factory, sitting on 20 hectares. It will produce pipes used in the clean water infrastructure, management, and irrigation system.

Wavin's parent company Orbia CEO Sameer Bharadwaj expected the construction would be completed in the fourth quarter of 2023. He also revealed that Indonesia's political stability despite the Russo-Ukrainian war prompted the investment decision. "Southeast Asia, especially Indonesia, is a center of stability amid high global geopolitical tensions," he said. Meanwhile, President Joko Widodo claimed that many countries were interested in Wavin's investments. "Once the Wavin factory is finished, we will no longer import [pipes], and there will be plentiful job opportunities in Central Java," Jokowi said.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.