Indulor Group, PT Polyplast Announce Strategic Joint Venture
03.25.25
The joint venture is set to pioneer new products and technologies that address pressing industrial and environmental challenges.
In a groundbreaking move to drive innovation and sustainability in the chemical industry, Indulor Group, a leading polymer company founded in Germany in 1978, and PT Polyplast Dwiputra Pratama, a prominent chemical company from Indonesia, announced the formation of a strategic joint venture
This collaboration aims to leverage the strengths of both companies to create advanced chemical solutions that cater to global markets. By combining Indulor's cutting-edge research and development capabilities with PT Polyplast's extensive manufacturing expertise and market presence in Southeast Asia, the joint venture is set to pioneer new products and technologies that address pressing industrial and environmental challenges.
"We are thrilled to partner with Polyplast in this exciting venture," said Thomas Fengler, CEO Indulor. "Our shared commitment to innovation and sustainability will enable us to push the boundaries of what's possible in the polymer industry. Together, we will develop solutions that not only meet the needs of our customers but also contribute to a more sustainable future."
“This joint venture represents a significant step forward for both our companies,” Martin and Ridwan Poh, co-founders of Polyplast, added. "By joining forces with Indulor, we are well-positioned to expand our product offerings and enhance our competitive edge in the Asian market. We look forward to a successful partnership that drives growth and innovation for years to come."
The joint venture will focus on several key areas, including:
• Research and Development: Combining expertise to accelerate the development of innovative chemical products and solutions.
• Sustainability: Creating environmentally friendly products and processes to reduce the carbon footprint and enhance sustainability across the supply chain.
• Market Expansion: Leveraging the strengths of both companies to expand into new markets and enhance market share globally.
• Manufacturing Excellence: Utilizing advanced manufacturing techniques to improve efficiency and product quality.
The joint venture is expected to commence operations in the second half of this year, with initial projects already underway. Both companies are committed to maintaining high standards of quality and customer service throughout this transition.
This collaboration aims to leverage the strengths of both companies to create advanced chemical solutions that cater to global markets. By combining Indulor's cutting-edge research and development capabilities with PT Polyplast's extensive manufacturing expertise and market presence in Southeast Asia, the joint venture is set to pioneer new products and technologies that address pressing industrial and environmental challenges.
"We are thrilled to partner with Polyplast in this exciting venture," said Thomas Fengler, CEO Indulor. "Our shared commitment to innovation and sustainability will enable us to push the boundaries of what's possible in the polymer industry. Together, we will develop solutions that not only meet the needs of our customers but also contribute to a more sustainable future."
“This joint venture represents a significant step forward for both our companies,” Martin and Ridwan Poh, co-founders of Polyplast, added. "By joining forces with Indulor, we are well-positioned to expand our product offerings and enhance our competitive edge in the Asian market. We look forward to a successful partnership that drives growth and innovation for years to come."
The joint venture will focus on several key areas, including:
• Research and Development: Combining expertise to accelerate the development of innovative chemical products and solutions.
• Sustainability: Creating environmentally friendly products and processes to reduce the carbon footprint and enhance sustainability across the supply chain.
• Market Expansion: Leveraging the strengths of both companies to expand into new markets and enhance market share globally.
• Manufacturing Excellence: Utilizing advanced manufacturing techniques to improve efficiency and product quality.
The joint venture is expected to commence operations in the second half of this year, with initial projects already underway. Both companies are committed to maintaining high standards of quality and customer service throughout this transition.