According to GlobalData, the value of Indonesia construction market is forecast to grow by 1.2% in real terms in 2023, having grown by 2.0% in 2022. A key growth market will be the infrastructure market, with output rising by 3.2% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in Indonesia in Q3 2023, according to GlobalData’s construction projects database.
1. Toyota Electric Car Manufacturing Plant
The project involves the construction of an electric car manufacturing plant in Karawang, West Java province.
Construction work started in Q3 2023 and is expected to be completed in Q4 2025.
The project aims to reduce CO2 production from motorized vehicles without reducing community mobility activities. Buy the profile here.
2. Tunas Prima Industrial Estate
The project involves the construction of an industrial park on 100ha of land in Batam, Riau Islands.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2027.
The project aims to fulfill the increase in demand for industrial space from neighboring country’s looking to leverage Batam as a manufacturing hub and also to achieve certification from the Green Mark For District issued by the Building and Construction Authority (BCA) Singapore, as well as certification from the Greenship Neighborhood issued by the Green Building Council Indonesia (GBCI).
3. Kendal Industrial Park Lithium Iron Phosphate Battery Material Manufacturing Plant
The project involves the construction of a lithium iron phosphate (LFP) battery material manufacturing plant with a production capacity of 120,000 tonnes of LFP in Central Java.
Construction work started in Q3 2023 and is forecast to complete in Q4 2023.
The project aims to meet the growing demand for lithium-ion batteries as a component of electric vehicles in the region. It is the LBM and Lopal’s first LFP manufacturing plant in southeast Asia.
4. Cikarang Snacks Manufacturing Plant
The project involves the construction of a 60,000m2 snack manufacturing plant in Cikarang, West Java.
Construction work commenced in Q3 2023 and is expected to be completed in Q1 2025.
The project aims to meet the demands for halal food markets and to generate a significant number of employment opportunities in the region.
5. Kendal Solar Panel Factory
The project involves the construction of a solar panel factory in Kendal, Central Java.
Construction work started in Q3 2023 and is expected to be completed in Q2 2024.
The aim of the project is to increase the New Renewable Energy (EBT) and PT PLN (Persero) mix through the provision of domestically produced solar cells and solar panel and and meet the growing demand for power in the region.
For more details on the latest construction projects, buy the profiles here.