Massive Investment Surge: KEK Kendal Attracts Rp 205 Trillion in First Half of 2024
Coordinating Minister for Economic Affairs, Airlangga Hartarto, revealed that investment flows into the Kendal Special Economic Zone (KEK) have reached Rp 205.2 trillion, creating 132,777 jobs.
"Among the Special Economic Zones, there are 12 industrial zones, including KEK Kendal. Yesterday, the president directed us to establish a new KEK in Batang," Airlangga said on Wednesday (August 7, 2024).
Key Points:
- President Joko Widodo (Jokowi) officially opened a lithium battery anode material plant operated by PT Indonesia BTR New Energy Material in Kendal, East Java
- This plant will establish Indonesia as the world’s leading anode producer
Courtesy Photo Source: micheile henderson on Unsplash
With the establishment of KEK Kendal, Airlangga noted that Kendal has seen 42% growth, and its per capita income has reached Rp 52 million per year with an 8% growth rate.
Read More: The Largest Electric Battery Factory In ASEAN Has Officially Commenced Operations In Indonesia
Today, Wednesday (August 7, 2024), Indonesian President Joko Widodo (Jokowi) inaugurated a lithium battery anode material plant owned by PT Indonesia BTR New Energy Material in Kendal, East Java.
This plant will position Indonesia as the largest anode producer in the world. Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, explained that the investment by PT Indonesia BTR New Energy Material could propel Indonesia to become the world's largest anode producer.
"The plant has a capacity of 80,000 tons, sufficient to produce 1.5 million electric cars. They plan to complete phase II by March 2025, bringing the total production to 160,000 tons," he said.
"With this capacity, Indonesia will become the second-largest producer in the world. The plant in Japan has a capacity of 10,000 tons, South Korea 40,000 tons, and the largest is in China with 100,000 tons, so we will surpass China in the near future," said Luhut.
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