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Astra-International

Astra’s gold miner ramps up expansions, M&A to lift output
Companies 3 months ago

PREMIUM
Astra’s gold miner ramps up expansions, M&A to lift output

PT United Tractors, subsidiary of local conglomerate Astra International, acquired Agincourt in 2018 through its subsidiary PT Danusa Tambang Nusantara, which serves as the group's holding company for mineral investments.
Astra to acquire warehousing firm Mega Manunggal Property
Companies 7 months ago

PREMIUM
Astra to acquire warehousing firm Mega Manunggal Property

Publicly listed conglomerate PT Astra International (ASII), through its subsidiary PT Saka Industrial Arjaya (SIA), is set to acquire an 83.67-percent stake of warehouse company PT Mega Manunggal Property (MMLP). 
Astra aims to launch more EVs in the next 2 years
Companies 1 year ago

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Astra aims to launch more EVs in the next 2 years

The plan would mark a shift in the company’s automobile focus, as it primarily relies on internal combustion engine (ICE) and hybrid vehicle sales.
United Tractors ramps up capex, continues diversification to non-coal sectors
Companies 1 year ago

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United Tractors ramps up capex, continues diversification to non-coal sectors

United Tractors plans to use $1 billion of its capex budget for the mining and coal mining contractor sector.
Indonesian car industry sees sales fall 4% in 2023
Companies 2 years ago

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Indonesian car industry sees sales fall 4% in 2023

Weaker economic growth and the central bank's rate hike contributed to a general downturn in car sales last year, Gaikindo said.
Korean, Chinese carmakers chip away at Japanese dominance in RI market
Companies 2 years ago

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Korean, Chinese carmakers chip away at Japanese dominance in RI market

Japanese giants such as Toyota and Suzuki have responded by introducing hybrid versions of their popular cars, a move that has been fruitful so far.
National car sales lag last year’s record: Gaikindo
Markets 2 years ago

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National car sales lag last year’s record: Gaikindo

The latest data from Gaikindo reveal that this year’s national car sales remain significantly behind the 2022 record, reaching 836,049 as of October.
Astra increases investment in healthtech firm Halodoc
Tech 2 years ago

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Astra increases investment in healthtech firm Halodoc

Astra International, through its subsidiary Astra Digital Internasional, has led another funding series in Halodoc, raising its total investment to US$135 million for the company since 2021.
OLX confirms Astra’s plan to acquire its Indonesian web platform
Companies 2 years ago

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OLX confirms Astra’s plan to acquire its Indonesian web platform

The acquisition of OLX Autos will give Astra International a stronger position in the secondhand market.
Astra International revenue rises 29% on high commodity prices
Companies 3 years ago

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Astra International revenue rises 29% on high commodity prices

Heavy equipment and mining has become Astra's biggest business segment as it now contributes more than the automotive business to the group’s revenue.
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