SLP Surya Ticon Internusa to Start Operations on Second Phase of Ready-to-Use Plant Facility in July

BY :VANESHA MANUTURI

JANUARY 18, 2016

Jakarta. SLP Surya Ticon Internusa, a joint venture between local developer Surya Semesta Internusa and Japan's Mitsui and Thailand's Ticon Industrial Connection, plans to begin operations on the second phase of its ready-to-use warehouse and factory estate in July, according to a recent statement.

The company's facility, located within the Suryacipta Technopark industrial estate in Karawang, is set to offer 12 units with a total area of 28 thousand square meters in the second phase, Surya Semesta Internusa said in a listing on the local stock exchange on Monday. The release cost around Rp 96 billion ($6.9 million) in investment.

The new units will add to the existing 16 units within the facility, which has been operating since 2014, and now stands with an occupancy rate of about 75 percent, Surya Semesta Internusa said.

"Various programs to accelerate infrastructure development and economic stimulus packages were being announced by the government will encourage investment and the logistics industry performance," the management of Surya Semesta Internusa said in a statement.

"In responding to the transportation and logistics positive outlook and rising demand from the investors, in the beginning of 2016, SLP plan to launch second phase of warehousing and started the construction of a ready built factory."

At the same time, SLP is also currently working on another seven units of ready-to-use factories across a total area of 24 thousand square meters at the site, with up to Rp 104 billion in total investment. The plant will be operational in September, according to the statement.

SLP was created in April last year, aiming to be among the largest industrial property developers for rental warehouses and factories in Indonesia.

Publicly-listed Surya Semesta Internusa owns 50 percent of the company, with the remaining half split equally between Mitsui, a diversified holding company and Bangkok-listed logistic company Ticon.

The company currently owns some 22 hectares of land in Technopark Suryacipta industrial estate with a total area of 150 thousand meters square available for rent. After Karawang, the company plans to expand its business in other industrial estates around Jakarta, such as Cibitung and Marunda, as well as outside of Jakarta, such as in Surabaya, East Java, and Makassar in South Sulawesi.

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