Indonesia’s state-owned port operator PT Pelabuhan Indonesia I (Pelindo I) announced it will create five specialized subsidiaries to professionalize operations, bolster revenue, and enhance competitiveness.
Pelindo I spokesman M. Eriansyah said decision-making will be cascaded down to these subsidiaries to allow the parent firm to improve efficiency and expand its operations in the various locations it manages, The Jakarta Post reported.
The port operator, which handles 14 ports in the western half of the Southeast Asian country, believes the move will help boost its earnings.
Under the plan, Pelindo I will first set up a subsidiary to manage the crude palm oil (CPO) terminal in Kuala Tanjung Port, North Sumatra. The port is scheduled to be launched in early 2014 as the country’s CPO hub.
A second subsidiary will handle the container terminal in Dumai, Riau, while a third one will oversee logistics operations in Belawan, North Sumatra.
The subsidiary PT Prima Nusantara Logistik reportedly is being picked to manage the logistics business.
The fourth subsidiary will be located in Belawan and in Pekanbaru, Riau, with focus on property development, and the last one will be in Pekanbaru, to engage in shipbuilding.
Photo: Batubara Ismail Rahmat