ModernCikande Industrial Estate (MCIE) signed a memorandum of understanding (MoU) with mining company PT Indo Mineralita Prima (IMP) on Monday (30/7/2018). The two companies agreed to collaborate in the development of a smelter complex in the ModernCikande industrial area. IMP, as the holder of the mining concession for tin, zinc, and metal ores in Central Kalimantan, is preparing to acquire 10 hectares of industrial land within the industrial area. The acquisition will be carried out in stages until the first quarter of 2019.
"To make this area our smelter location, we have considered several factors, including the good accessibility of the area, logistical ease along with energy and water supply, as well as environmental permits and construction lead time," said Craig A. Owensby, Director of PT IMP.
The MoU mentions that, as a mining company, PT IMP is required to comply with all government regulations related to permits and licenses for managing the mine, logistics, and operating the smelter.
Meanwhile, as the developer of the industrial area, Modern Industrial Estate will provide the designated land, including various facilities. Further implementation of this agreement will be detailed in the sale and purchase agreement.
"Of course, it must comply with the applicable laws and regulations," said Pascall Wilson, President Director of PT Modern Industrial Estate, who signed the MoU.
As one of the largest industrial estates in West Jakarta, Pascall continued, ModernCikande continues to develop to meet the needs of both national and international companies. This industrial location is considered strategic because it can be accessed through the Jakarta-Merak toll road and the Cikande and Ciujung toll gates. The location is also close to three major ports, namely Ciwandan, Cigading, and Merak Mas.
Pascall stated that, from a total land area of 3,175 hectares, 40 percent has already been developed, leaving around 1,500 hectares of reserve land. Currently, more than 200 local and multinational companies occupy this industrial estate.
"The dominant companies are chemical, steel, smelter products, and building materials or property companies," said Pascall.
Currently, the industrial area already has shopping complexes, clinics, post offices, banks, canteens, and accommodations. In fact, PT Modern Asia Hotel, PT Modernland Realty Tbk, has officially built a new hotel targeting guests within the industrial area.
"In the future, we are even more ready to facilitate halal industry investors, both local and foreign. This halal industrial zone we are developing has the infrastructure and facilities for halal management and distribution, both to meet domestic and international market needs," added Pascall.