JECC Profit Exceeds Target Due to Sluggish Copper Prices: https://www.jengpatrol.com/bisnis/laba-jecc-lampaui-target-berkat-lesunya-harga-tembaga/5 October 2016 PT Jembo Cable Company Tbk (JECC) booked a net profit for the first half / 2016 Rp.82, 24 billion, exceeding the target for this year of Rp.71, 34 billion. This is due to the drop in the price of copper is used as a raw material cable maker.
Director and Corporate Secretary of JECC Anthony Benady said, sluggish price of copper has been helping companies since last year. This is evident from the increase in sales of Rp.789 billion to Rp.1.2 trillion by the end of 2015. The average price of copper for the first half of this year amounted to Rp.69.523 / kg. The figure decreased to 16% from last year which amounted to Rp.82.573 / kg. In addition, the raw material for making other cables that aluminum also decreased by 14%, last year the average Rp.27.942 / kg. Average per June this year Rp.24.094 / kg. So the company gain more efficiency in the cost of production other than copper.
LG Electric Car Battery Factory in Karawang to Start Operating Next Year: https://otomotif.kompas.com/read/2023/09/03/142100715/pabrik-baterai-mobil-listrik-lg-di-karawang-mulai-jalan-tahun-depan/3 September 2023 LG's electric car battery factory in Karawang, West Java will start production activities in February 2024 and will supply batteries for 160,000 - 200,000 electric vehicles. This was conveyed by the Minister of Investment/Head of BKPM, Bahlil Lahadalia at the 2023 ASEAN Business & Investment Summit which was broadcast online, Saturday (2/9/2023).
The LG electric vehicle battery factory construction project has an investment value of US$ 9.8 billion or the equivalent of Rp.149.3 trillion (exchange rate Rp.15,241). The initial steps for the project started with the construction of a battery cell factory in Karawang with a total investment of US$ 1.1 billion. The factory will produce battery cells for electric cars. The facility is expected to produce 10 GWh of NCMA lithium-ion battery cells per year when fully operational.
HS No. 8547.90.10.00
1 July 2019
Trade Data 2018
Definition
Insulating fittings for electrical machines, appliances or equipment, being fittings wholly of insulating material apart from any minor components of metal (for example, threaded sockets) incorporated during moulding solely for purposes of assembly, other than insulators of heading 85.46; electrical conduit tubing and joints therefor, of base metal lined with insulating material. Other : Electric conduit tubing and joints therefor of base metal lined with insulating materials.
