A joint venture with Japan to a wholly-owned company, Inalum’s journey to witness 46 years
On 6th January 2022, the Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminum, commonly known as Inalum will be 46 years old. All it started with a joint venture between the Indonesian and Nippon Asahan Aluminium Co. Ltd., a consortium of Japanese companies with the status of Foreign Investment (PMA) in 1976, Inalum has blossomed rapidly to become the only aluminium smelter in Indonesia.
However, on 19th December 2013 witnessed an important moment, as Inalum was wholly owned by Indonesia with the status of a State-Owned Enterprise (BUMN) after the termination of the contract with a consortium of companies from Japan.
Mahyaruddin Ende, Deputy Corporate Secretary, Inalum said: "We have several strategic projects from upstream to downstream and we are integrated to dominate the domestic market. Self-reliance is realized for the aluminium industry, at least controlling the Indonesian market.”
“The aluminium market is very prospective. In fact, in the last year, there has been a significant increase in the price of aluminium.”
"The price increase is quite extraordinary. The aluminium market is still quite good, the price is good. In 2022 we are still optimistic, but maybe it won't be like the achievement of 2021," said Ende.
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