Tiran Nusantara Grup and Conch Investment sign Rp 10 trillion deal

PT Tiran Nusantara Grup and Hong Kong-based Conch Investment Holdings (Hong Kong) Ltd. have signed an initial investment agreement valued at Rp 10 trillion. The agreement was signed on October 9, 2026, in Anhui, China.

The partnership focuses on the manufacturing and green energy sectors. Key projects include the construction of lithium battery anode material plants, plastic packaging factories, wind power plants (PLTB), and waste-to-energy plants (PLTSa).

Ownership structures for the joint ventures will vary by project, with stakes split between 49/51 and 51/49 percent between the two companies. The initiative is expected to create approximately 5,000 jobs and aims to strengthen Indonesia's downstream industrial capacity. Conch Investment Holdings, a major Chinese firm, has previously invested Rp 30 trillion in Indonesia.