Corporate

Heavy Equipment Production in Indonesia Drops Q1-2024

May 24, 2024, 05.25 PM  | Reporter: Dimas Andi
Heavy Equipment Production in Indonesia Drops Q1-2024

ILUSTRASI. A number of heavy equipment completed the MRT Phase 2 construction project in the Glodok area, Jakarta, Sunday (8/1). PT Adira Dinamika Multi Finance Tbk (ADMF) or Adira Finance has explored heavy equipment (HQ) vehicle financing to meet the needs of its customers. As for the next 3 years, Adira Finance targets financing for this sector to reach IDR 5 trillion. (KONTAN/Carolus Agus Waluyo)

HEAVY EQUIPMENT - JAKARTA. The heavy equipment industry in Indonesia is hopeful for improved performance following the first quarter of 2024.

During the initial three months of 2024, heavy equipment production experienced a decline. Data from the Indonesian Heavy Equipment Industry Association (Hinabi) indicates that national heavy equipment production fell by 23% on a year-on-year (YoY) basis, amounting to 1,668 units in the first quarter of 2024.

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