February 28, 2017 10:15 AM ET

Metals and Mining

Company Overview of PT Indonesia Asahan Aluminium (Persero)

Company Overview

PT Indonesia Asahan Aluminium (Persero) manufactures and supplies aluminum ingots. It distributes its products to customers in Indonesia, as well as exports internationally. PT Indonesia Asahan Aluminium (Persero) was founded in 1976 and is based in Kabupaten Batu Bara, Indonesia. It has a smelting plant head office in Sumut, Indonesia; a representative office in Jakarta, Indonesia; and a liaison office in Medan, Indonesia.

Kuala Tanjung

Kecamatan Sei Suka

Kuala Tanjung

P.O. BOX 1

Kabupaten Batu Bara,  21257


Founded in 1976


62 62 231 311


62 62 231 001

Key Executives for PT Indonesia Asahan Aluminium (Persero)

President Director
Age: 51
Finance Director and Director
Operation Director and Director
General Affairs & Human Resources Director and Director
Development & Business Director and Director
Compensation as of Fiscal Year 2016.

PT Indonesia Asahan Aluminium (Persero) Key Developments

PT ANTAM Tbk and PT Indonesia Asahan Alumunium Partner with PELINDO II for Port Development in Mempawah

PT ANTAM Tbk and PT Indonesia Asahan Alumunium, or INALUM, have formed a cooperation with PT PELINDO II in the port development in Sungai Kunyit, Mempawah, West Kalimantan. The port development is linked to Smelter Grade Alumina Refinery project (SGAR) in Mempawah, West Kalimantan. The MoU signifies the implementation of ANTAM and INALUM efforts to cooperate with third parties, in which the port development will be used in both construction and operation phase. The port is planned to be built in Sungai Kunyit District, Mempawah, West Kalimantan. The port will be located 6 km from SGAR. Previously, ANTAM and INALUM signed a Memorandum of Understanding with Aluminum Corporation of China to develop and operate a Smelter Grade Alumina Refinery (SGAR). The Aluminum Corporation of China, as a strategic partner, will bring its technology expertise and financing capability to the project. The production capacity of SGAR is estimated at 2 million tons of SGA per year which will be developed in stages and will require 6 million wet metric tons (wmt) bauxite ore feed every year. The annual capacity of the first stage of the SGAR is estimated at 1 million tons of SGA. The construction of the additional capacity of 1 million tons of SGA will commence when the operations of the first phase of the plant is positive.

Persero May Hold IPO

PT Indonesia Asahan Aluminium (Persero) may hold an IPO this year. The government via the Ministry of State-Owned Enterprises (SOE) will keep pushing several SOEs to hold initial public offering in the Indonesia Stock Exchange (IDX). Rini Soemarno, SOE Minister, says one of those having big potential is Persero.

Government Seeks Stake In Freeport

Government of Indonesia is seeking to buy 10.64 percent of shares of PT Freeport Indonesia. Freeport Indonesia will have to offer 10.64 percent shares under mandatory share divestment plan. State miners Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk. (JKSE:ANTM) and PT Indonesia Asahan Aluminium (Persero) will purchase ten percent of shares from Freeport Indonesia. Minister Rini Soemarno said on November 21, 2015, "We are interested to buy the shares, but the seller has yet to give us the price. Of course, we want to see the price.". He also said, "Antam and Inalum had been financially readied to buy PT-FI shares" Detik.com reported. He said "Securities house Bahana Sekuritas is fully ready to assess the nominal value of the shares to be offered by PT-FI."

Similar Private Companies By Industry

Company Name Region
Antam Finance Ltd. Asia
Buana Santalum PT Asia
Citra Agramasinti Nusantara PT Asia
Dana Pensiun PT Krakatau Steel Asia
Earthstone Holdings Ltd. Asia

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact PT Indonesia Asahan Aluminium (Persero), please visit www.inalum.co.id. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.