Industrial Expansion Intensifies as National Economy Strengthens
PT Intikeramik Alamasri Industri Tbk (IKAI) is strengthening its business capacity through additional working capital credit facilities from PT Bank Mandiri (Persero) Tbk. This move is intended to drive business growth, expand the activities of its subsidiaries, and increase its contribution to the real sector.
The funding will be utilised as working capital across all business lines of its subsidiaries to strengthen operations and accelerate business development. The company is targeting organic growth significantly higher than the previous year.
IKAI Director Emirza Adi Wibowo stated on Sunday that the credit facility is part of the company’s strategy to strengthen its business foundation amidst increasing national economic growth opportunities. “The purpose of using this bank credit is for working capital as a form of improvement and business development across all our subsidiaries. Through this strategy, the company’s organic growth target is expected to increase significantly, exceeding last year’s revenue by approximately 70 per cent,” said Emirza.
This expansion step has also received approval from shareholders through an Extraordinary General Meeting of Shareholders (EGMS). This approval grants the company the authority to issue corporate guarantees to support the financing of its subsidiaries.
IKAI Chief Finance Officer Murwantoro Toroxandy explained that this decision is part of a strategy to strengthen the financing structure so that business expansion can proceed more optimally. “As a holding company, IKAI has officially conducted an EGMS to provide permission and approval for the company’s Corporate Guarantee to its subsidiaries,” he said.
Meanwhile, IKAI Corporate Secretary Winda Yohana emphasised that the entire process was conducted with transparency and compliance with capital market regulations. “The approval of this corporate guarantee is a form of our transparent commitment to the public and regulators, while ensuring that subsidiaries have a solid financial foundation to pursue the 70 per cent growth target,” said Winda.
In addition to strengthening its funding structure, IKAI is also undergoing organisational refreshment through the 2025 Annual General Meeting of Shareholders (AGMS) by appointing Tedjodiningrat Broto Asmoro as Commissioner. This step is intended to strengthen Good Corporate Governance (GCG) and support long-term growth strategies.
IKAI President Commissioner William Daniel noted that Tedjodiningrat’s presence will strengthen the supervisory function alongside Bernardus Djonoputro, who possesses extensive experience in regional development and infrastructure. According to William, this synergy is expected to support the company’s transformation in facing investment opportunities and the ongoing development of regions in Indonesia.
Moving forward, IKAI will continue its business strategy through Integrated Land Development, which includes area development, land rights management, utilities, and energy. The company targets an optimisation phase by 2027 before entering an expansion phase in 2028. Emirza reaffirmed the company’s commitment to executing a sustainable growth strategy by prioritising good governance, data-driven decision-making, and measured risk management.