Sinar Mas and Pacemar have signed a USD 350 million MoU to enhance Indonesia's maritime supply chain and infrastructure over the next five years.

Information on the Target

Sinar Mas, a prominent player in Indonesia's agricultural sector, is committed to building a robust maritime economy that operates both nationally and globally. The company has recently signed a Memorandum of Understanding (MoU) with Pacemar for an acquisition and investment deal valued at USD 350 million over the next five years. This partnership aims to enhance the supply chain of the Indonesian industry by improving connectivity across the archipelago and positioning Indonesia as a significant contributor to the global maritime economy.

The signing event took place during the Indonesia-France Business Forum, with notable representatives including Ferry Salmandi, Managing Director of Sinar Mas, and Matthieu Lavoine from Pacemar. The investment will focus on acquiring vessels for transporting Indonesia's mineral and agricultural commodities, developing and operating private port infrastructure, and enhancing land logistics facilities to handle agricultural and forestry products across various Indonesian islands. This collaboration builds on a previous investment of USD 300 million made by the two entities in 2014.

Industry Overview in Indonesia

Indonesia, being an archipelagic nation, has a unique maritime landscape crucial for its economic development. The maritime industry in Indonesia is experiencing growth driven by increasing demand for transportation and logistics services. With its ex