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Peruri shifts to digital security service amid printing decline
The company expects revenue from its digital security business, which has shown a significant increase in recent years, to jump to Rp 370 billion (US$26.6 million) in 2020 from Rp 10 billion in 2019.
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Workers carry out activities at an old warehouse owned by state bill printing company Peruri in Melawai, Kebayoran Baru, South Jakarta, on June 28, 2019. Projects are under way to transform the old building into a creative space that will be opened in September 2019. (JP/A. Muh. Ibnu Aqil)
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tate-owned securities paper and bill printing company Peruri has gradually shifted to digital security services amid a continued decline in its printing business, specifically in the production of ship and airline tickets, a senior executive of the company has said.
The company expects revenue from its digital security business, which has shown a significant increase in recent years, to jump to Rp 370 billion (US$26.6 million) in 2020 from Rp 10 billion in 2019.
"We have been gradually shifting our focus to digital security services in the past five years because in the era of [digital] disruption, we have to be ready to follow the trend," said Peruri business development director Fajar Rizki during a press conference on Wednesday.
He expressed optimism that the company would be able to achieve its target as it was the only authorized state-owned enterprise (SOE) with electronic certification provider (PSrE) certification from the Communications and Information Ministry, while demand for digital security keeps growing.
The company’s main business still comes from bill printing orders from Bank Indonesia (BI), which makes up 60 to 70 percent of its business activity. Peruri also receives annual printing orders for an average 8 million passports and 800 million excise bands, among others.
Fajar said the company had been seeing a decrease in printing orders, such as from airlines and state-owned ship operator PT Pelni. Clients are also demanding more hybrid and secure document printing solutions, such as e-passports and personalized college diplomas.
“Printing services might be obsolete in the future and our regular orders are starting to decline,” Fajar said, “But now, we have a program and system in place to cater to our clients’ digital needs.”
