BKPM Supports Additional Investment of IDR 3.8 Trillion for PT Frisian Flag Indonesia

   

PT Frisian Flag Indonesia (FFI) fresh milk and sweetened condensed milk factory realized its investment expansion plan by conducting groundbreaking in Cikarang, West Java on March 9, 2021. Representing Chairman of Indonesia Investment Coordinating Board (BKPM), Deputy Chairman for Investment Promotion Ikmal Lukman attended with the Minister of Industry Agus Gumiwang Kartasasmita. PT FFI expanded its business with an investment plan of Rp3.8 trillion that absorbs 850 Indonesian Workers (TKI).

The realization of the investment plan is also a follow-up of the meeting between the Chairman of BKPM Bahlil Lahadalia and the CEO of FrieslandCampina Hein Schumacher during a working visit to The Hague, the Netherlands in November 2020.

The construction of PT FFI’s new factory occupies an area of ​​25.4 hectares and is scheduled to be operational in mid-2023, which includes production or processing facilities for ready-to-drink liquid milk and sweetened condensed milk, logistics, and distribution centers as well as offices using modern and environmentally friendly technology, to reduce carbon emissions by up to 45% equipped with various supporting infrastructure.

PT FFI is willing to partner with national businessmen in the regions as well as Micro, Small, and Medium Enterprises (MSMEs). Through the additional investment of PT FFI, it is hoped that it will provide benefits not only for the company but also for the community, especially Cikarang, West Java.

PT FFI is a subsidiary of FrieslandCampina, a Dutch company, which has been operating in Indonesia since 1922. The Netherlands is ranked 6th country of investment realization in 2020 with a total investment value of USD1.4 billion derived from 2,537 projects.(*)