LPEI Injects Rp51 Billion in Capital, Gresik Biscuit Producer Expands Exports to 55 Countries

Gresik – The biscuit and wafer producer, PT Mega Global Food Industry or Kokola Group, has successfully penetrated export markets in up to 55 countries. This achievement is due to government support in facilitating access and financing, which forms the foundation for business growth.

Kokola Group, located in Gresik, is one of the debtors in the Special Export Assignment (PKE) Trade Finance programme from the Indonesia Export Financing Agency (LPEI) or Indonesia Eximbank. This effort aims to support national exports to achieve global competitiveness, ultimately reaching the national economic growth target of 8 per cent.

Director of PT Mega Global Food Industry, Richard Cahyadi, stated that the accumulated financing received exceeds US$3 million or approximately Rp51.42 billion (estimated exchange rate of Rp17,140 per US dollar) in the form of a credit line. This capital injection was not received all at once but over a period of four years, used gradually according to the company’s operational needs.

“It depends on the timing. So we sell, collect, sell, collect,” said Richard during a working visit by the Ministry of Finance along with media personnel on Friday, 17 April 2026, in Gresik.

Richard added that Kokola Group’s products have reached major markets in Asia, including Australia, Japan, South Korea, the Philippines, and Yemen, as well as partnering with more than 100 global supermarket chains. Richard emphasised that quality is the key to penetrating international markets, especially countries with high standards like Japan.

“Currently, we have successfully entered export markets in 55 countries,” said Richard.

During the 2024-2025 period, the company recorded export values from 55 countries reaching US$33.57 million. The export value in 2025 increased to US$19.96 million from the previous year’s US$13.71 million.

LPEI’s Business Executive Director II, Sulaeman, affirmed that the PKE Trade Finance programme is a government mandate to encourage national strategic industries and SMEs to compete in the global market. This programme is also expected to create a development impact for the company, local government, and national foreign exchange.

“LPEI supports the export transaction process through pre- and post-shipment financing facilities so that exporters can maintain company cash flow and obtain working capital for goods production,” said Sulaeman.