MARKET OVERVIEW

Indonesia’s chemical industry is one of more prioritized industries in the development of the country’s manufacturing sector

Based on the Making Indonesia 4.0 roadmap, the chemical industry is one of the sectors that gets priority development because it is able to make a significant contribution to the national economy. This is because chemicals are strategic commodities to be used as raw materials in various other industrial sectors.

 

"The chemical industry is in the Top 3 major contributors to the performance of the non-oil and gas processing industry sector so that it becomes a sector that plays an important role in the growth of the national manufacturing industry," said Director General of Chemical, Pharmaceutical and Textile Industry (IKFT) Muhammad Khayam at the MoU signing event between the Ministry of Investment/ BKPM with Lotte Chemical Corporation, and EPC Agreement in Jakarta, Friday (7/1).

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