AGII Set to Build New Factory, Signs Contract with First Customer in KIT Batang

Oleh Press Release25 November 2022

Jakarta, 25 November 2022 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or the “Company”) is set to build a new factory in Batang Integrated Industrial Estate (“KITB”), Central Java, Indonesia after officially signing a sale and purchase agreement to become an industrial gas supplier for one of the upcoming factories owned by KCC Glass Corporation (“KCC Glass”), a South Korean company that is currently building a factory that is projected to become one of the largest glass factories in Southeast Asia located at KITB.

Previously, the Company had signed an Industrial Land Utilization Agreement (PPTI) with PT Kawasan Industri Terpadu Batang (“PT KITB”) on October 6, 2022 at the Gumaya Tower Hotel, Semarang. Through this agreement, AGII will build a new factory located in KITB, where the construction process is targeted to last for the next 18-24 months.

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