State-owned companies are being encouraged to optimise their\nsubsidiaries\u2019 performance through fundamental business improvements,\noperational efficiency and market expansion.<\/p>\n
One example is PT Perkebunan Nusantara I (PTPN I), which is\nstrengthening its oversight of its subsidiary PT Dasaplast Nusantara in\nJepara, Central Java.<\/p>\n
Dasaplast produces woven bags, inner liners, netting and flexible\npackaging. Its customers include companies within the PTPN Group, other\nstate-owned enterprises and private-sector businesses.<\/p>\n
\u201cThese oversight measures are intended to ensure that every entity in\nthe group can grow in a healthier and more competitive way, while adding\nvalue to the corporation,\u201d PTPN I President Director Abdul Rivai Ras\nsaid in a statement on Sunday (11 October 2026).<\/p>\n
Rivai said the efforts had yielded results. Through September 2026,\nDasaplast Nusantara recorded revenue of Rp122.8 billion and net profit\nof Rp7.1 billion. The results provide a basis for strengthening growth\nwhile maintaining business sustainability.<\/p>\n
He stressed that subsidiary optimisation must be comprehensive,\nbalancing revenue growth with improvements to the fundamentals of the\nbusiness.<\/p>\n
\u201cSubsidiaries must be able to grow on increasingly sound foundations.\nOptimisation is not only about increasing revenue, but also about\nefficiency, strengthening markets, financial management, governance and\nthe ability to create added value,\u201d he said.<\/p>\n
To further boost the subsidiary\u2019s performance, Rivai visited\nDasaplast Nusantara with the President\u2019s Special Envoy, Glenny Kairupan.\nThey reviewed its operations and spoke with the management team about\nbusiness conditions, challenges and development opportunities.<\/p>\n
Rivai said direct oversight on the ground was important to PTPN I to\nensure that its transformation strategy was put into practice rather\nthan remaining merely a plan.<\/p>\n
\u201cThe focus includes strengthening markets, improving cost efficiency\nand financial performance, raising productivity, and developing products\nthat meet market needs,\u201d Rivai said.<\/p>\n
He said Dasaplast still had opportunities to develop through market\nexpansion, reactivating former customers, improving operational\nexcellence, controlling production waste, digitalisation, and research\nand development into raw materials and products.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/performance-in-the-spotlight-subsidiary-transformation-must-add-value-for-state-owned-companies-1791737452", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }