Ready to be Merged in October, Asset Value of Port State-Owned Enterprises Estimated to Reach Rp112 Trillion

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1NEWS, The Ministry of State-Owned Enterprises (BUMN) announced plans to merge or merge four state-owned companies in the port sector.

The four SOEs include PT Pelindo I (Persero), PT Pelindo II (Persero), PT Pelindo III (Persero), and PT Pelindo IV (Persero) which will be combined into one company called PT Pelabuhan Indonesia (Persero) or Pelindo.

Deputy Minister of SOEs II Kartika Wirjoatmodjo said the merger of BUMN Ports had been planned for a long time but could only be realized in this period. The plan for the merger will officially take place on October 1, 2021.

“Today we have announced the merger plan which will be implemented on October 1, 2021 and we are waiting for the PP (Government Regulation) which is the legal basis for the merger of 4 ports belonging to this BUMN,” he explained, Wednesday (1/9/2021).

The man who is familiarly called Tiko explained that in the merger plan, later Pelindo II will become the recipient of the merger and Pelindo I, Pelindo III and Pelindo IV will be dissolved by law without a liquidation process.

According to him, the appointment of Pelindo II to become a holding company is due to the implementation of service level aggrement (SLA) and services that are somewhat superior. He also hopes that the other three port SOEs can adapt and balance the achievements of Pelindo II.

“Pelindo II is now a leading sectors, And it is hoped that other Pelindos will adjust their efficiency fund services to be able to reach the benchmark in Pelindo II,” he continued.

Nevertheless, Tiko emphasized that after the merger, Pelindo II would act as the strategic holding not operating. Because, what will operate is each sub holding. There are four subholding namely container, non-container, logistics & hinterland development, marine, as well as equipment & service ports.

“Pelindo II will be strategic holding is not operating, which operates there are four sub holdings under it. So this will emerge as a new company that has a more focused and expected business model create value bigger,” he said.

Furthermore, Tiko said that with the merger of the four SOEs, the company’s total assets would be IDR 112 trillion with total revenue reaching IDR 28.6 trillion. So the scale of this merger has indeed entered the global port scale.

Tiko explained that the integration of Pelindo is one part of the government’s strategic program and the initiative of the Ministry of SOEs to continue the process of consolidating SOEs in port services, and is proposed to be included in the national strategic program (PSN).

He said, based on the study that had been carried out on the option of restructuring the Port BUMN, the merger was the most suitable option because it could maximize synergies and create added value.

According to Tiko, this merger was carried out as an effort to realize a stronger national port industry, and improve maritime connectivity throughout Indonesia, as well as improve the performance and competitiveness of SOEs in the port sector.

“With the development of these 4 ports into one, it is expected that many multiplayer effects which can be used as a contribution to the national economy,” he added.

On the same occasion, President Director of Pelindo II Arif Suhartono hoped that in the future with the merger, Pelindo would have better strategic control and control. According to him, the planning will also become more holistic for the port network which will ultimately reduce logistics costs.

“The next integrated Pelindo will not be managed by region, but based on business lines so that it can focus on developing business potential in the future,” he explained.

According to Arif, focusing on business clusters will improve capabilities and expertise which will have an impact on increasing customer satisfaction, through better service quality and increased efficiency in the use of financial resources, assets, and human resources.

He added that this integration will also increase Pelindo’s position to become the 8th largest container terminal operator in the world with a total container throughput of 16.7 million TEUs.

“The integration of Pelindo has many benefits for the company as well as for the national economy. One of them is by opening up opportunities for companies to go global,” said Arif.[]


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