According to data from the Environment and Forestry Ministry (KLHK), there were 64 million tonnes of waste in Indonesia last year. Approximately 15% of it was a plastic waste, and 3.2 million were thrown into the ocean. Plastic trash mismanagement is still a prevalent issue in the country. Only 10/15% of plastic waste is recycled, with the remaining 60%-70% piling up in waste disposal sites (TPA) and 15%-30% becoming pollutants to the environment.
Publicly listed PT Inocycle Technology Group is a recycler of polyethylene terephthalate (PET) waste. PET is the most commonly used thermoplastic polymer for fiber, packaging, and bottles. The company currently operates five factories located in Tangerang, Karanganyar, Mojokerto, Salatiga, and Palembang, with a total production capacity of 37,600 tonnes with an average 85.4% utilization rate. Furthermore, the company employs 1,000 workers. Inocycle’s main product is eco-friendly fiber, recycled polyester staple fiber (Re-PSF) produced from PET plastic waste. The fiber is used as fillings for pillows, jackets, dolls, and shoes. In addition, the company also manufactures non-woven products such as padding, needle, punch, geotextile, and thermal bonding that are used as raw materials for bed equipment, cars, garment, and construction. Monocycle also produces homeware products made from Re-PSF, such as pillows, blankets, carpets, quilt, and bed covers. Some of the company’s most notable clients include car brands Toyota, Honda, Mitsubishi, Nissan, and Daihatsu as well as Matahari Department Store, King Koil, and Itochu, to name a few. Inocycle works closely with municipal governments for the collection process.
Bu hikaye Forbes Indonesia dergisinin September 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Forbes Indonesia dergisinin September 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
