JAKARTA - A 100 billion rupiah (S$8.4 million) tin-processing plant is being built in Batam by the younger brother of Indonesian President-elect Prabowo Subianto, with the aim of supplying key raw materials to electronics makers based on the industrial island and in the region.
The plant by Mr Hashim Djojohadikusumo's company Solder Tin Andalan will source raw tin from a mine in the tin-rich Bangka Belitung islands off Sumatra, 570km south-east of Batam.
That tin mine is operated by Arsari Tambang, a company controlled by Mr Hashim, a prominent businessman.
He told reporters at the plant's ground-breaking ceremony that he hopes to tap demand from manufacturers such as electronics makers that had relocated from China to South-east Asia.
The plant will churn out, among other things, solder paste and solder wire crucial materials used in printed circuit boards.
This story is from the May 11, 2024 edition of The Straits Times.
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This story is from the May 11, 2024 edition of The Straits Times.
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