{
    "success": true,
    "data": {
        "id": 1606106,
        "msgid": "toba-strengthens-position-in-southeast-asian-waste-management-industry-through-business-expansion-1773244372",
        "date": "2026-03-11 22:00:44",
        "title": "TOBA Strengthens Position in Southeast Asian Waste Management Industry Through Business Expansion",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "PT TBS Energi Utama Tbk (TOBA) is aggressively expanding its waste management operations across Southeast Asia as part of its transformation from conventional energy to clean energy-based business. In 2025, the waste management segment contributed US$155.4 million or 41% of total revenue, with the company operating three major platforms including Asia Medical Enviro Services (AMES) in Singapore and recently acquired CORA Environment, positioning TOBA as a potential major regional player in waste management and waste-to-energy sectors.",
        "content": "<p>JAKARTA. PT TBS Energi Utama Tbk (TOBA) is reinforcing its\ntransformation into a clean energy-based company through aggressive\nexpansion in the regional waste management sector.<\/p>\n<p>This aligns with TOBA\u2019s transformation strategy, which over the past\nseveral years has begun shifting focus from conventional energy business\ntowards a more sustainable business portfolio.<\/p>\n<p>The waste management business segment is beginning to make a\nsignificant contribution to TOBA\u2019s operations. In 2025, this business\nsegment contributed revenue of US$155.4 million, representing 41% of\ntotal revenue.<\/p>\n<p>Kiwoom Securities Equity Research Analyst Abdul Azis views this\neffort as affirming TOBA\u2019s transformation towards a company fully\noriented towards sustainable green business.<\/p>\n<p>\u201cThe strategy is also seen as opening opportunities for the company\nto bring waste management technology capabilities from Indonesia to the\nregional level,\u201d he explained on Wednesday (11 March 2026).<\/p>\n<p>Currently, TOBA operates three main platforms in waste management\nacross Southeast Asia. One of these is Asia Medical Enviro Services\n(AMES), based in Singapore and focused on medical waste management,\nwhich was acquired in 2023.<\/p>\n<p>TOBA holds approximately 45% market share in medical waste treatment\nin Singapore, making it one of the largest operators in that\nsegment.<\/p>\n<p>TOBA\u2019s latest strategic move is evident in the acquisition of\nSembcorp\u2019s waste management business in Singapore, which was\nsubsequently rebranded as CORA Environment.<\/p>\n<p>Through CORA, TOBA is expanding its regional waste management\ncapabilities whilst simultaneously strengthening the transfer of modern\nwaste management technology and practices to Indonesia and the Southeast\nAsian region.<\/p>\n<p>Azis views TOBA\u2019s expansion strategy in the waste management sector\nas having attractive prospects because demand for modern waste treatment\nservices in Southeast Asia continues to increase.<\/p>\n<p>According to him, the integration of platforms such as AMES, ARAH\nEnvironment, and CORA can create an efficient regional waste management\necosystem whilst opening potential for long-term growth for TOBA.<\/p>\n<p>\u201cWith an increasingly integrated waste management portfolio, TOBA has\nthe potential to become one of the regional players with scale and\ntechnology advantages in the waste management and waste-to-energy\nsectors,\u201d Azis said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/toba-strengthens-position-in-southeast-asian-waste-management-industry-through-business-expansion-1773244372",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}