Jakarta, CNBC Indonesia – A consumer issuer, PT Unilever Indonesia Tbk (UNVR) plans to invest Rp 2.5 trillion in new investment in the Special Economic Zone (SEZ) Sei Mangkei, North Sumatra.
With the addition of this new investment, overall, the investment value of UNVR in the SEZ Sei Mangkei will reach Rp 5.3 trillion.
The investment will be made through PT Unilever Oleochemical Indonesia which has the potential to create at least 600 direct workers and 6,000 more indirect workers.
“We are currently planning to expand Marvel 2, namely the expansion of oleochemical products and products with added value, namely soap noodles and surfactants through technological innovation. The investment value is Rp 2.5 trillion,” said Arif Hudaya, Finance Director of Unilever Indonesia, in his statement after the meeting. with the Coordinating Minister for Economic Affairs, Airlangga Hartarto in Jakarta last Monday, quoted on Tuesday (8/6/2021).
The expansion of the investment will result in a product split fatty acid, distilled fatty acid, soap noodles, specialty surfactants and pharma grade glycerin. The main product for export to India (Hindustan Unilever Ltd) is split fatty acid.
On the occasion, Coordinating Minister for the Economy Airlangga Hartarto said: also emphasized the government’s commitment to provide incentives in the form of: tax holiday to the new investment that will be made by Unilever in the SEZ Sei Mangkei.
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Photo: Doc SEI Mangkei Doc KEK Sei Mangkei- – |
From 2013 to 2020, Unilever has invested Rp 2.5 trillion.
Its product portfolio is fatty acids, glycerin, soap noodles, and dove noodles.
Then, Unilever made a follow-up investment in Marvel 1 of IDR 300 billion in 2021, whose physical progress has reached 92.5%. Thus, with the planned additional new investment, Unilever’s total investment in the Sei Mangkei SEZ will increase to Rp 5.3 trillion.
UNVR management stated that until now Unilever’s presence in the Sei Mangkei SEZ has had a wide economic impact, including an increase in exports of almost US$ 300 million or equivalent to Rp. 4.30 trillion (exchange rate of Rp. 14,300/US$) from Indonesia. so that it becomes US$ 800 million or Rp 11.44 trillion per year.
Then, the absorption of 430 direct labor and 2000 more indirect labor.
Management revealed that Unilever’s investment also provides a multiplier effect outside the SEZ Sei Mangkei area, especially for the micro industry.
Some of them are the development of shops (convenience stores) which increased from 2 shops to 14 shops, and the number of hotels increased from 1 hotel to 6 hotels.
Then there was an increase in land prices from Rp. 300,000 per square meter to Rp. 1 million per square meter, procurement of cafes with more than 20 shops, provision of dining areas with more than 50 shops, and procurement of electronic/mobile shops with more than 20 shops.
During the meeting, the management of UNVR also expressed several hopes, among others, first, asking for support for the sustainability of gas supply in the SEZ Sei Mangkei at a price of USD 6 per mmbtu.
Second, optimizing the utilization of Kuala Tanjung Port.
Currently, Kuala Tanjung Port and SEZ Sei Mangkei are not yet connected by train. The railway line has been built, but is not yet operational. Unilever also expects a storage tank at Kuala Tanjung Port for their products. The third is related to the biomass power plant in the SEZ Sei Mangkei.
The use of electricity from renewable sources such as biomass is part of the sustainability program run by Unilever Global to support the achievement of the Sustainable Development Goals (SDGs), especially in Indonesia.
BUMN PTPN III as the manager of SEI Mangkei SEZ is currently building a biomass power plant which is estimated to be completed in mid-2023 with a capacity of 9 MW.
From the stock market, IDX data shows that UNVR shares in the first session on Tuesday closed down 1.78% at Rp 5,525/share. The transaction value of UNVR shares reached Rp 54 billion with a market capitalization of Rp 211 trillion. A week, UNVR shares fell 6% and a month also fell 4%.
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