Batang, Central Java (ANTARA) - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani inaugurated the factory of the Dutch pipe company, namely Wavin, in the Batang Integrated Industrial Area (KIT), Central Java, with a total investment value of IDR 825 billion.

"So the investment is approximately IDR 825 billion, and in terms of labor, 170 workers are absorbed, because they use high technology," said Minister Rosan in Batang, Central Java, Thursday.

He also said that Wavin is a global leading company engaged in the production of polyvinyl chloride (PVC), so that the presence of a production factory in Indonesia will have a positive impact on the advancement of the national economy.

He reasoned that this was because the pipes from the Wavin factory in Batang were oriented for export to the Southeast Asian (ASEAN), Australia and New Zealand markets.

Furthermore, Rosan said that the inauguration of the factory is expected to be the first step for Wavin's parent, Orbia, to invest in other sectors in Indonesia, considering that the company has a market value (share value) of 8 billion US dollars.

"So we hope for investments like this in the future, and what we can also be proud of is that this investment is an initial investment in the future, because Orbia also has many lines of business, so they are really happy to collaborate with KIT Batang," said Minister Rosan.

On the other hand, Country Director of Wavin Indonesia and Sea+ Johannes Drees said that the facilities built by his party at KIT Batang use the best and newest technology to produce pipes, so that they can optimize access to water and sanitation in the country.

Previously, President Joko Widodo (Jokowi) held a ground breaking for PT Wavin Manufacturing Indonesia in October 2022. According to the President, with the presence of this factory, it is hoped that Indonesia will no longer import pipes.

(SOURCE)