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Maspion group.



Backgrounds

The Maspion Group was founded by Alim Husin in Surabaya, East Java East Java (Indonesian: Jawa Timur) is a province of Indonesia. It is located on the eastern part of the island of Java and also includes neighboring Madura and Bawean islands. . Its embryo was CV Hen Chiang, which was established in 1954 to operate in metal processing producing oil lamps.

In 1961, Alim Markus established PT. Logam Dajwa to produce aluminum, metal table wares, kitchen wares and utensils with a capacity of 6,000 tons s per year. In 1991, the company began to export part of its production. That year, exports were valued at US$ 15 million to other Asian countries and Europe.

In 1971, PT. Maspion was established later to become the holding company for the Maspion Group.

The operations of the Maspion Group are handled by five children of Alim Husein including Alim Markus, Alim Mulia Sastra, Alim Puspita, Alim Satria, and Alim Prakasa. The five childrens hold the position of director controlling 90% of the shares of the Maspion Group, with 10% held by Gunardi Go family.

In 2003, Alim Husein died and the top position as president director went to his oldest son Alim Markus. The Maspion Group has grown to become a giant with assets valued at hundreds of millions of US dollar employing 30,000 workers.

The Maspion Group has 8 core businesses including in consumer, commercial, construction, property, banking, distribution and trade, energy and other sectors.

Operating in the sector of consumer product include PT. Maspion, PT. Maspion Electronics, PT. Maspion Kencana, PT. Maxim Maspion, PT. Ishizuka Maspion Indonesia, PT. Alaskair Maspion, PT. Srithai Maspion Indonesia.

Operating in consumer industrial product is PT. Alumindo Light Metal Industry Tbk. In building construction material are PT, Indal Aluminum Industry Tbk, PT. Indalex, PT. Indal Service Sentra, PT. Furukawa Indal Aluminum, PT. Wellburger Coating Indonesia, PT. Ceshew Crebe Indonesia.

In property & Industrial estate sector are PT. Bumi Maspion, PT. Alumindo Industrial Estate, PT. Citra Maspion Contractor, Maspion Square and Maspion Plaza.

In financial service is Bank Maspion. In trading sector are PT. Maspion Trading, PT. Maspion Bazar, and PT. Maxim Hoasewares Indonesia.

Operating non core business are a number of subsidiaries including PT. Trisulapak Indah producing carton sheets and carton boxes mainly to be used by the company group.

There are still a number of subsidiaries including PT. Indal Steel Pipe, PT. Anekakabel Ciptaguna, PT. Shanghai Maspion Oleo Chemicals Industry, PT. Shanghai Maspion Toothpaste toothpaste,
n See dentifrice.
 Industry, PT, Soam Maspion Terminal, PT. Heisei Stainless Steel stainless steel: see steel.
stainless steel

Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat.
 Indonesia, PT. Piaget Jatim Pratama, and PT. Dovechem Maspion Terminal.

Among its big subsidiaries are PT. Maspion producing household appliances and health care equipment, Maspion Square operating in retail property business, Maspion Bazaar in retail business and Bank Maspion in banking industry.

Household appliance and electric goods industries are the locomotive

PT. Maspion, which operates in metal kitchen wares, plastic house wares, and electrical appliances industry. The company, which has the status of PMDN PMDN Penanaman Modal Dalam Negeri , has five factories in Surabaya and Gresik, East Java. It exports 30% of its production to various countries including Singapore, Malaysia, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , China, Taiwan, Middle East, USA, etc. Its products with the brand of Maspion have been popular in the country.

In a bid to strengthen its plastic industry, the Maspion Group has established a joint venture company with Sam TPC (Transaction Processing Performance Council, San Francisco, CA, www.tpc.org) An organization devoted to benchmarking transaction processing systems. In order to derive the number of transactions that can be processed in a given time frame, TPC benchmarks measure the total performance of  of Singapore named PT. Sam Maspion. The joint venture company, established with an investment of US$60 million, operates in PVC PVC: see polyvinyl chloride.
PVC
 in full polyvinyl chloride

Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide.
 resin industry having a capacity of 100,000 tons per year.

Early 2008, PT Maspion plans to launch initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) offering 40% of its shares. It hoped to raise US$85 million -US$100 million. PT. Maspion had named PT Mandiri Sekuritas and BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas.  as the underwriters.

The fund to be raised from the IPO was to be used to finance business expansion, repay debt and strengthen capital. The company planned to build new factory.

In 2006, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  accounted for 68% of the exports of the Maspion Group, Japan accounted for 11%, Europe for 8%, Asean 5%, other Asian countries 3%, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere.  2%, Australia 2%, Middle East 1%.

In 2007, North America was still its largest export market for the company group, accounting for 56% of its exports, followed by Asean accounting for 9%, Europe 11%, Japan 14%, other Asian countries 6%, Australia 2%, South America 1% and Middle East 1%.

PT Maspion has six subsidiaries including PT Maxim Maspion (99.99%), PT Maspion Electronics (99.26%), PT Maspion Kencana (99.99%), PT Srithai Maspion Indonesia, PT Ishizuka Maspion Indonesia and PT Alaskair Maspion.

In electronic industry, Maspion through PT. Maspion Electronics, which is joint venture Company with Samsung of Korea, produces refrigerators with a capacity of 50,000 units per year using the brand of Uchida. Uchida refrigerators have been exported to various countries including Middle East and Africa. In cooperation with Marubeni and Hanwakosai of Japan, the group produces PVC pipes and fittings industry and with Pan Asia Electronica This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
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 of Taiwan it cooperates in the promotion and marketing of electronics goods. The company group has established business units abroad like Maspion Trading in Egypt, Alim Brothers in Singapore and Fung Lam Trading in Hong Kong.

PT. Maxim Maspion has facility to produce cooking utensils and Maspion Electronics produces refrigerators and ice racks and Maspion Kencana produces PVC plastic pipes.

PT. Srithai Maspion Indonesia produce crockery from melamine melamine (mĕl`əmēn'), common name for 2,4,6-triamino-1,3,5-triazine. Melamine is a trimer (see polymer) of cyanamide, H2NC≡N, and is synthesized from calcium carbide. , Ishizuka Maspion produce crockery and Alaskair Maspion produces blenders and fans.

Among the popular brands of the Maspion Group are Aubecq, Allibert, Excelon, Jawa, Makita, Marunaga, Maslon, Maspion, Maxim-Inox, Maxim, Tivoli and Vanda.

By the end of r 2008, the Maspion Group in Surabaya laid off 500 workers as a result of falling exports. Around 3,000 more of its 20,000 workers could lost job if the condition gets worse in 2009, the company said.

The exports of the Maspion Group to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  dropped 25% as a result of the crisis. Sales on the domestic market also shrank 15%.

The Maspion Group faces competition mainly from Chinese rivals which could offer lower prices. Chinese producers have expanded market to Middle East one of Maspion's traditional markets. Maspion's exports to Middle East were valued at US$7 million in the first half of 2008.

The Maspion Group has 58 subsidiaries producing more than 8,000 types of goods for exports. The group is seeking to expand market to Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  especially Brazil and Venezuela. The United States, however, remains its largest market accounting for 32% of its total exports.

Commercial Industry

PT Alumindo Light Metal Industry (ALMI ALMI Application Level Multicast Infrastructure
ALMI Automated Listing and Mapping Instrument (US Census Bureau) 
), which was established in 1978, operates in aluminum sheet and aluminum foil Noun 1. aluminum foil - foil made of aluminum
aluminium foil, tin foil

foil - a piece of thin and flexible sheet metal; "the photographic film was wrapped in foil"
 industry. ALMI went public in 1996, after finishing modernizing its production facility. Currently, its has a capacity to produce 84,000 tons of aluminum sheets and 15.600 tons of aluminum foils per year. It has been established with an investment of Rp 130 billion.

ALMI cooperates with Hoogovens Technical Services Techno-logical and Operational Assistance BV of Netherlands. Under the cooperation agreement Hoogovens becomes the marketing agent for the products of ALMI in Europe. In 1998, PT ALMI was granted the certificate of ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 9002 from Llod's Register.

PT Indal Aluminum Industry operates in aluminum sheet and extrusion industry starting 1971. This company has a production capacity of 4,000 tons of aluminum sheets and extrusions per year. This company has been listed selling 30% of its shares to the public in 1994.

The Maspion Group has acquired an aluminum company in Malaysia, the second largest aluminum company in Asia. The acquisition has strengthened its position in facing competition in international market especially from Chinese rivals.

PT Indonesia Stainless Steel was established in 1986 to operate in stainless steel and coil industry, with a production capacity of 25,000 tons stainless steel and coil per year.

PT. Maspion Light Metal has a 70% stake in PT. Maspion Stainless Steel, a joint venture with three Japanese partners including Kanematsu Corp. Holding a 15% stake, Sumitomo Metals 10% and Nippon Yakin 5%. PT. Maspion Stainless Steel has a factory starting operation in 1997 in Gresik, East Java with a production capacity of 50,000 tons stainless steel per year. It was established with an investment of US$ 60 million. Around 90% of its production is used by the Maspion Group and the rest for exports.

PT. Siam Maspion Polymer, which is a joint venture between MG and Siam Cement The Siam Cement Public Company Ltd. is a large cement company in Thailand. It is listed on the Stock Exchange of Thailand (trading symbol: SCC).

It was founded under the Royal Decree of King Vajiravudh in 1913.
 Group of Thailand, operates in PVC resin industry with a capacity of 120,000 tons s per year. The factory was built at a cost of US$ 60 million. The joint venture company sells its products to the company group.

Maspion also plans to resume business in energy saving lamp industry in cooperation with Taiwanese investor. The lamp factory is to be operated by PT IFC (Internet Foundation Classes) A class library from Netscape that provides an application framework and graphical user interface (GUI) routines for Java programmers. IFC was later made part of the Java Foundation Classes (JFC). See JFC, AFC and AWT. See also ICF.  Maspion. The factory will have a production capacity of 600 tons of neon lamps per month.

Around 60% of its production is exported and the rest is disposed of on the domestic market.

Property and industrial estate

The Maspion Group has a subsidiary in the property sector PT Bumi Maspion (BM). BM has a land plot of 140 hectares in Romokalisari, Surabaya, East Java occupied by 180 units of warehouse and a number of factories.

The group also owns the Maspion Square, a shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  with a convention center called Maspion Convention Center.

The Maspion Group plans to develop the Tunjungan Market in Surabaya into a modern business area with hotel and entertaining center built at a an estimated cost of Rp 150 billion. The project will be built in cooperation with the city administration of Surabaya.

The Maspion Group has built a loading unloading pier for solid bulk cargoes in the Maspion Industrial Estates in Gresik, to support a jetty jetty: see coast protection.  facility which serves loading and unloading of liquid cargoes (gas and chemicals). The jetty is operated by PT Siam Maspion Terminal.

PT. Siam Maspion Terminal, which is a joint venture between MG, PT. Pelabuhan Indonesia III and Cement Thai Chemical Ltd. of Thailand, has a 3.6 km pier built at a cost of Rp 15 billion to support Maspion Industrial Estate. The pier has a storage tank for chemicals.

The Group has a number of subsidiaries operating in the property sector. PT. Altap Prima Industrial operates an industrial estate occupying a 620 hectare plot of land in Benowo, Surabaya. The group plans to move all of its business activities to a 100 hectare industrial estate in Rungkut, Surabaya. It also has an industrial estate occupying a 600 hectare plot of land in Tandes, Surabaya. Its property business is handled by PT Alumindo Industrial Estate, which has built a luxury housing complex having recreation facilities and swimming pool in Sidoarjo, East Java, built with an investment of US$ 30 million.

Energy Industry

The Maspion Group in cooperation with PT Pertamina established PT Maspion Energy Mitratama (MEM (MicroElectroMechanical) See MEMS. ) to operate in the energy sector.

MEM has built a piling up terminal for liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state.  (LPG LPG: see liquefied petroleum gas.

1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities.
) with a capacity of 10,000 tons in Gresik to support the implementation of the kerosene-to-LPG conversion program. Construction of the terminal at a cost of US$26.7 million was completed in may, 2009. The terminal will supply LPG to a number of LPG filling station in east Java.

The LPG terminal is located in the Maspion Industrial Estates (KIM) in the northern coastal area of the regency of Gresik. The industrial estate has jetty facility to accommodate LPG vessels. The terminal has four units of piling up tanks with a capacity of 2,500 tons per unit.

Pertamina has the same facility with a capacity of 8,000 tons in Tanjung Perak, Surabaya, but the capacity of the terminal is not enough to meet the requirement.

Banking business of MG is under PT. Bank Maspion, which has 20 offices with 60 ATMs in Surabaya, Semarang, Denpasar and Jakarta. Its assets were valued at Rp 687.584 million March 2000 up to Rp 639.396 million in December 1999.

The Maspion Group plans to expand operation to plantation sector especially in oil palm plantation and build a bio-diesel plant. Financial performance

The Maspion Group recorded good financial performance amid the global financial crisis. It recorded good sales through its major subsidiaries such as PT. ALMI, PT. Indal Aluminum Industry and PT. Maspion. PT. Indal Aluminum Industry reported sales valued at Rp 642 billion in 2008 up 24.9% from Rp 514.1 billion in the previous year. Exports, mainly to the Middle East, contributed 60% to the total sales. Its net profit surged 201.5% from Rp 334.4 billion to Rp 1,007 billion. The Maspion Group did well in competition facing Chinese rivals.

Details of the Group

Parent company: MAS PIONEER, PT (MASPION, PT)

Address: Jl. Kembang Jepun No. 38-40 Surabaya 60162, East Java

Phone: (031) 330333, 331445, 341040

Fax: (031) 333218, 333055

Telex: 31127 MASPION IA

Number of companies: 50 Companies

Lines of business: Finance: Banking, Investment company

Industry : Aluminum sheet, Cable, Ceiling fan, Chemical product, Coating, Electric product extrusion, Foil, Flatware, Gas tube, Lamp, Herbicide herbicide (hr`bəsīd'), chemical compound that kills plants or inhibits their normal growth. A herbicide in a particular formulation and application can be described as selective or nonselective. , Kitchenware, Mattress, Metal tableware, Packaging, Polyester, Printing ink, PVC pipe, Resin, Stainless steel product, Steel bar & Steel pipe industry

Infrastructure: Industrial estate development, Jetty terminal development

Property: Department store/Mal development, Office building & Real estate development

Trading: International & National trading

Services: Contractor & Construction services

Chairman: Mr. Alim Markus

Other key persons: Mr. Alim Satria Mr. Alim Perkasa Mrs. Angkasa Rachmawati

List of the group members:

Notable members:

-ALUMINDO LIGHT METAL INDUSTRY TBK, PT (Aluminum sheet & foil industry)

-INDAL ALUMINUM INDUSTRY TBK, PT (Aluminum sheet & extrusion industry)

-INDONESIA STAINLESS STEEL, PT (Stainless steel industry)

-LOGAM DJAWA, PT (Aluminum, Kitchenware & Metal tableware)

-MAS PIONEER, PT (MASPION) (Holding company, manufacturer of household appliances industries Including plastic)

Other members: FINANCE:

-ALIM INVESTINDO, PT (Investment company)

-BANK MASPION INTERNATIONAL, PT (Banking)

-GUNA INVESTINDO, PT (Investment company)

-HUSIN INVESTAMA, PT (Investment company)

-MAXIM HOASEWARES INDONESIA, PT

INDUSTRY:

-ALASKAIR MASPION INDONESIA, PT (Ceiling fan industry)

-ANEKA KABEL CIPTA GUNA, PT (Cable industry)

-CESHEW CREBE INDONESIA, PT

-DHARMA CIPTA KARYA, PT (PVC goods manufacturing)

-DUPONT AGRICULTURE PRODUCT INDONESIA, PT (Herbicide industry)

-HEISEI STAINLESS STEEL INDONESIA, PT (Stainless steel pipe industry)

-INDAL COMPACT ALUMINUM INDUSTRIES, PT (Aluminum industry)

-INDAL STEEL PIPE, PT (Steel pipe industry)

-FURUKAWA INDAL INDUSTRY, PT (building material industry)

-INDOFIBER MATTRESS INDONESIA, PT (Mattress industry)

-INSHIZUKA MASPION, PT (Technology product industry)

-MASPION ELECTRIC, PT (Household electric industry)

-MASPION FLATWARE, PT (Flatware industry)

-MASPION KENCANA, PT (PVC pipe industry)

-MASPION STAINLESS STEEL INDONESIA, PT (Cold rolled stainless steel manufacturing)

-MASPION STEELBAR & PVC, PT (Steel bar & PVC industry)

-NAOMOTO INDONSIA, PT (Electric product industry)

-PIAGET JATIM PRATAMA, PT

-ROYAL CHEMICAL, PT (Polyester industry)

-SAMSUNG MASPION INDONESIA, PT (Electronic & electrical industry)

-SEA HORSE MASPION INDONESIA, PT (Chemical industry)

-SHANGHAI MASPION OLEO CHEMICAL INDUSTRY, PT (Oleo chemical industry)

-SHANGHAI MASPION PRINTING INK INDUSTRY, PT (Printing ink industry)

-SHANGHAI MASPION TOOTHPASTE (Toothpaste industry)

-SIAM POLYMERS, PT (PVC Resin manufacturing)

-SRITHAI MASPION INDONESIA, PT (Lamp industry)

-TFC MASPION INDONESIA, PT (Gas tube industry)

-TRISULA PACK INDAH, PT (Packaging industry)

-WEIL BURGER COATING INDONESIA, PT (Coating industry)

INFRASRUCTURE:

-ALTAP PRIMA INDUSTRIAL ESTATE, PT (Industrial estate development)

-ALUMINDO INDUSTRIAL ESTATE, PT (Industrial estate development)

-DOVECHEM MASPION, TERM|NAL NAL National Agricultural Library (Agricultural Research Service; US Department of Agriculture)
NAL New American Library
NAL National Accelerator Laboratory
NAL National Aerospace Laboratory (Japan) 
, PT

-MASPION INDUSTRIAL ESTATE, PT (Industrial estate development)

-SIAM MASPION TERMINAL, PT (Jetty terminal development)

PROPERTY:

-MASPION MAL (Department store/Mal development)

-BUMI MASPION, PT (Property)

-WISMA MASPION (Office building development)

-WISMA MONETER (Office building development)

TRADING:

-MASPION TRADING, PT (Trading)

SERVICES:

-CITRA MASPION CONTRACTORS, PT (Contractors)

-INDALEX, PT (Construction services)

-INDAL SERVICE SENTRA, PT

Overseas companies which :

-ALIM BROTHERS INDUSTRIES PTE PTE

The ISO 4217 currency code for the Portugese Escudo.
. LTD.

affiliated with group:

-(SINGAPORE) (International trading)

-FUNG LAM TRADING COMPANY LTD. (HONGKONG) (International trading)

-K.K. MASPION (JAPAN) (International trading)

-MASPION CANANA INCORPORATED (CANADA) (International trading)

-TAIWAN CONCORDE (TAIWAN) (International trading) ***
Table
Financial report of PT. Indal Aluminum Industry
(Rp billion)

Description                     2008    2007

Current assets                 419.4   288.6
Fixed assets                   203.0   194.1
Total assets                   622.4   482.7

Current liabilities            348.4   198.6
Non current liabilities        197.4   208.5
Total liabilities              545.8   407.1
Equity                          76.6    75.6
Total liabilities and equity   622.4   482.7

Operating income               642.0   514,1
Net profit                       1.0   0,334

Source: PT. Indal Aluminum Industry
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Title Annotation:COMPANY PROFILE
Publication:Indonesian Commercial Newsletter
Article Type:Company overview
Date:Sep 1, 2009
Words:2688
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