THEME: MASPION, A LEADER IN INTEGRATED DOMESTIC HOUSEWARE
PRODUCTS ??
FLOW OF INFORMATION
ABOUT US
PT. Maspion and its subsidiaries are the members of Maspion Group, and one of the
largest consumer durable good producer in the world. They possess strong expertise in
marketing and manufacturing wide series of quality houseware products of kitchenwares,
plastic housewares, glasswares, and electrical home appliances. PVC and PE pipes are
also available for residential and household purposes.
It has an established and extensive distribution networks both domestically and
internationally through its distributors, agents, or retailers, as well as representatives in
major cities in Indonesia and major developed countries. The company has also been
strong in establishing strategic alliances with major prominent foreign partners in
manufacturing consumer durable products, that has strengthened the company business
leading position in the domestic market and also the presence in the global market.
The company has become a well recognized OEM (Original Equipment Manufacturing)
players in the world, supplies some well known retail stores and wholesalers in United
States as well as other major countries in the world.
Kitchenwares
The kitchenware business units produces a wide range kitchenware products, ranging
from non stick, enamel, aluminium, stainless steel, altogether complete with the kitchen
tools, cutlery, as well as other accessories. These product items have continued to
demonstrate a strong track record, and have been highly acclaimed for nearly a decade, in
the domestic market and fast growing performance in the export market. Principal export
markets include USA, Canada, Japan, Australia, Asean and European. Wide
acknowledged brand names are Maxim, Maspion, Logam Jawa, Aubecq, and Tivoli.
Plastic Housewares
In response of today’s needs that many plastic housewares serve as effective substitute products,
PT. Maspion plastic houseware business unit produces household made from plastics, wide
ranging from cookwares, tablewares, brushes, brooms, containers, cabinets, bathroom series,
piles, and any other accessories, as well as PVC and PE pipes plus its fittings and accessories.
Together with its subsidiary company, PT. Maspion Kencana, the company is the leading
producer of PVC pipes in domestic market.
Glasswares
Through its subsidiary company, PT. Ishizuka Maspion Indonesia, it manufactures and markets
glasswares both for export and domestic markets, both standard and OEM products.
Electrical Home Appliances
This business unit produces both the small ticket items and big ticket items, ranging from
kitchenwares like rice cooker, blender and juicer, toaster, microwave, up to fan, iron, hair dryer,
water dispenser, washing machine, decorative ceiling fan, air conditioner, refrigerator (PT.
Maspion Elektronik), freezer, and water pump. Brand name are ‘Uchida’ and ‘Maspion’. All
products are offered with a life time warranty for service.
CORPORATE STRUCTURE
PT. MASPION
Metal Kitchenware
Plastic Houseware and
Glassware
Electrical Appliances
Non Stick, Aluminium,
Stainless Steel,
Enamel Mfg*
Plastic housewares,
glasswares,
PVC pipes Mfg*
Electrical home
appliances,
Evaporator*
99.99%
PT. Maxim Maspion
copper clad stainless
steel cookware mfg
99.99%
PT. Maspion Flateware
flateware mfg
45%
99.26%
PT. Maspion
Elektronik
refrigerator mfg
PT. Srithai Maspion
Indonesia
melamineware mfg
99.99%
PT. Maspion Kencana
PVC pipe mfg
92.13%
PT. Ishizuka Maspion
Indonesia
glassware mfg
50%
PT. TFC Maspion
Indonesia
fluorescent lamp mfg
50%
PT. Alaskair Maspion
decorative
ceiling fan and lighting
fixtures mfg
50%
PT. Siam Maspion
Polymers
PVC resin mfg
* Operating Business Unit under PT. Maspion
HISTORY
The history started back in the year 1962 from UD Logam Jawa, a modest kitchenware
home industry established by Mr. Alim Husin.
THE BOARD OF COMISSIONERS AND DIRECTORS
As a professionally managed family company, some external professional have also been
invited to join the board.
MASPION GROUP
Starting from PT. Maspion in 1971, the group has been expanded tremendously by Mr.
Alim Husin and his sons. Its businesses are ranging from consumer durable good,
industrial goods, building material, industrial estate and property, commercial banking,
international school, and many others.
PHILOSOPHY, VISION, AND STRATEGY
What matters inside and drives the business to the scale up to date.
THE FOUNDER
OUR PRODUCTS
Our most complete range of household products have been delivered at our customer’s
home through major retailers and wholesalers, both in domestic and international market.
Kitchenware, plasticware, glassware, electrical home appliances, and its accessories all
are produced and sold through the most available channels to bring cheer at our
customer’s home. If you are interested in our products we welcome you to fill in the
inquiry form for potential retailers and wholesalers, or contact directly to our
representative offices in major cities in the world to find out the nearest stores or retailers
which carry our products. For conveniences of service, we have also provided service
centers in major cities in Indonesia for our local customers.
HIGHLIGHTS / NEWS / PRESS CENTER
INVESTOR INFORMATION
FINANCIAL DOCUMENTS (FS + ANNUAL REPORT)
INVESTOR UPDATE
BOND TRANSACTION HISTORY (MONTHLY) ??
CONTACT INVESTOR RELATIONS.
The Corporate Secretary
Jl. Kembang Jepun 38-40
Surabaya 60162
Telp: +62-31-3531445
Fax: +62-31-3533055
Email: ipo@maspion.com, financehq@maspion.com
NETWORK AND REPRESENTATIVE OFFICES ??
SEARCH
CAREER
SITE MAP
CONTACT US
LINKS ??
HISTORY
In 1962, Mr. Alim Husin and Mr. Gunardi established a home industry business in production
and selling the aluminium kitchenwares called UD. Logam Jawa. Since then, the company has
gradually built up its customer base and gain recognition in the industry as quality and reliable
manufacturer. Today, the company is one of Indonesia's most respected group of companies,
shaped by the expertise in product innovation and strong spirit of entrepreneurship of the
founders. Alim Husin has realized his vision of turning the group into a prominent business force
in Indonesia. This mission is supported by his sons, Alim Markus, Alim Mulia Sastra, Alim
Satria, and Alim Prakasa. In recent years, a number of independent career executives have also
dedicated their efforts to the success of the group. The company employs around 14,000 people
with production facilities spread out in five industrial area in Sidoarjo and Gresik, East Java.
Through the dedication and hard work of its employees, shaped by the strong entrepreneurship
and vision of the founders, the company has been able to maintain its leading position in the
houseware industry, exhibit continued growth, and creating more values for all the stakeholders.
Time Line:
1960’s Foundation of the company
1962 UD Logam Jawa establishment by Mr. Alim Husin as a modest aluminium kitchenware
home industry, with eight employees.
1970’s Establishing the foundation of diversified consumer business
1971 Establishment of PT. Maspion, starting from aluminium cookwares and plasticwares.
1974 Starting to produce plastic made pipes, the PVC pipes, and its accessories.
1975 Expanded into Steel housewares and Electrical home appliances manufacturing business.
1980-90’s More consumer businesses joined the stream, coupled by strategic alliances and
joint ventures, and quality certification.
1980 Stainless steel kitchenware was being added in product lines.
1987 Producing Non Stick kitchenwares. Brand names include Maxim and Tivoli.
1988 Starting to produce Enamel kitchenwares, Panda brand name.
1989 Refrigerator manufacturing business was started through the subsidiary company PT.
Maspion Elektronik. PE pipes, as part of PVC pipe product line extension, and Polyfoam
products as packaging materials, were also produced.
1990 Joint venture company to produce Fluorescent lamps, PT. TFC Maspion Indonesia, and
starting to produce decorative ceiling fan through subsidiary company of PT. Alaskair
Maspion.
1992 Try ply bottom stainless steel kitchenwares joined the stream.
1993 Evaporator as component of refrigerator was commercially produced.
1993 Air conditioners, with Uchida brand name were produced, as well as cutlery products
through subsidiary company PT. Maspion Flatware.
1995 Washing Machine, with Uchida brand name were produced
1996 PT. Maxim Maspion, a subsidiary to produce copper clad stainless steel products was
established using built up plant of ‘Revere’ producer in United States. A new subsidiary
engaged in glassware manufacturing business was also established, PT. Ishizuka Maspion
Indonesia. In addition to those, PT. Siam Maspion Polymers was established to supply the
raw materials requirement of PVC pipe manufacturing business.
1997 PT. Maspion Elektronik received ISO 9002:1994 certification
2000 Non Stick kitchenware division received ISO 9001 certification.
2002 PT. Alaskair Maspion received ISO 9001 certification. PT. Maspion Elektronik received
ISO 9001:2000 certification
2003 PT. Maspion Kencana received ISO 9001 certification.
___________________
PHILOSOPHY, VISION, AND STRATEGY
Corporate Culture ??
Loyalty, Capability, and Hard Work
Form the pillars of success and achievement. Each member of the organization should preserve
his/her integrity and be prepared to work hard to improve himself/herself for the benefits of the
company and the individual
Cost Leadership
Is a key ingredient to be a market leader. Our ability to achieve cost leadership is a competitive
advantage.
Unity and Togetherness
Allow the organization to build a cohesive force capable of meeting the stiffest challenges posed
by business world. Conflicting personal and business interest are strictly prohibited at Maspion.
Each employee is encouraged to act in the best interest of the Company to avoid potential
conflicts of interest.
Rapid Growth with Strategic Long Term Objectives
Enhance success. Growth is never measured solely on current achievements, but is balanced
against strategic long term objectives to ensure that growth can be sustained into the future.
Customer Satisfaction (Re-Quoted in Big Font)
Is a commitment every member of our organization nurtures with pride, as it forms the basis for
developing customer loyalty in this increasingly competitive business environment.
Vision
To be one of the most successful integrated consumer durable company in Asia Pacific region
through the philosophy values.
Strategy
Cost leadership, developing strong brand, value for money products, and strong
distribution network
THE FOUNDER
Mr. Alim Husin
Mr. Alim Husin has established the solid foundation of the Group back in the year 1962 with
strong spirit, enthusiasm, persistence, hard work, and entrepreneurial vision, starting from a small
operation of oil lamp making develops today as one of the largest and prominent business group
in Indonesia, ranging from consumer durable products, industrial products, industrial estate, and
commercial banking. Through his dedication and great passion, he preserve in a great deal the
employees contribution to be part of his successes. He has beliefs that aligned and committed
people help create competitive advantage of the company. His spirit of love and respect for his
work often moves people. Today’s business size and success has become the concrete evidence of
his talents and beliefs.
Mr. Alim Husin has passed away in October 2003, and left so many memorable memories which
has inspired the whole Maspion Group to continue developing and transforming itself into one of
the leading and prominent business group in Indonesia. His honorable vision of company would
still remain lies deep as the anchor of the company journeys, now and forever
THE MANAGEMENT
Angkasa Rachmawati, Chairman
Indonesia Citizen, served as Commissioner of the company since 1971 until October 2003, and
Chairman thereafter. She currently hold several strategic position such as Chairman of PT Indal
Aluminium Industry and PT Alumindo Light Metal Industry, and also hold strategic position as
Chairman posts in the companies within the Group
Alim Prakasa, Commissioner
Indonesian citizen, Commissioner of PT Maspion. He completed his degree at St. Mary
University, Canada in 1981. Joined with the Group since 1981 as a Managing Director He
currently holds several strategic positions with the Maspion Group, including Commissioner of
PT Maspion Electronik and President Director of PT Maxim Maspion, Executive Managing
Director of PT Indal Aluminium Industry, Managing Director of PT Alumindo Light Metal
Industry and also hold several strategic positions as Commissioner and Managing Director posts
in the companies within the Group.
Alim Markus, President Director
Indonesian citizen, President Director of PT Maspion and Maspion Group. Held the position of
President Director since 1971 and has been with the Group for his entire career. Currently he
holds several board positions in the Maspion Group as well as Vice Chairman Of East Java
Indonesia Chamber of Commerce, Honorary Consul- Consulate of Canada, Chairman of
Indonesia-China Association and also completed the institutional course at Pan Pacific
Professional Management, Taiwan R.O.C, and also hold several strategic positions as Chairman,
Commissioner and Managing Director in the companies within the Group.
Alim Mulia Sastra, Executive Managing Director
Indonesia citizen, Executive Managing Director of PT Maspion. Completed his Business study in
Singapore, 1974. Initially joined with the Maspion Group in 1975, he has held the position as
Managing Director of PT Alumindo Light Metal Industry, Managing Director of PT Indal Light
Metal Industry, Commissioner of PT Maspion Trading and currently also holds several strategic
positions as Commissioner and Managing Director in the companies within the Group.
Alim Satria, Executive Managing Director
Indonesian Citizen, Executive Managing Director of PT Maspion. Completed his business study
at Ngee An Polytechnic in Singapore, 1975. Initially joined with Maspion Group in 1981. He
subsequently hold Executive Managing Director of PT. Alumindo Light Metal Industry, President
Directors of PT Maspion Stainless Steel Indonesia, and also hold strategic position as
Commissioner and Managing Director posts in the companies within the Group.
Gunardi Go, Executive Managing Director
Indonesian citizen, Managing Director of PT Maspion. He has been with the Group since 1965.
He Currently hold several strategic position such as Commissioner of PT Indal Aluminium
Industry and PT Alumindo Light Metal Industry, commissioner of PT Maspion Trading, and also
hold strategic position as Managing Director and Commissioner posts in the companies within the
Group.
Andy Tjandra
Indonesian citizen, Human Resources Director of PT Maspion. Completed his degree in
University of Yos Sudarso, Indonesia in 1989 and began his career with PT Maspion since
1984.In 1984 - 1989 served as a Head of General Department, and afterward appointed as an
Assistant Director in 1994-1998. Mr Andy presently hold position as a Human Resources
Director of PT Maspion since 1998.
MASPION GROUP
Maspion Group is an integrated diversified group, which offers products and services ranging
from consumer durables and electronics, chemicals, packaging materials, metal rolling,
construction materials, property or industrial estate development and contractor, and commercial
banking business. Its significant venture was started by the founders, Alim and Gunardi family in
1962, with its small home industry of aluminium kitchenwares which was then incorporated into
PT. Maspion in 1971. Apart from PT. Maspion which has strong expertise in consumer durables
business, other members of the group also demonstrated a strong track record in metal processing
business and have been listed at the JSX and SSX in 1994 and 1997, i.e PT. Indal Aluminium
Industry Tbk (Indal) in aluminium extrusion and PT. Alumindo Light Metal Industry Tbk (Almi)
in aluminium sheet and foil. Indal and Almi have become the leaders in aluminium processing
industry in the country.
In addition to developing its own companies, the stature of the Maspion Group has attracted
respected multinational corporations to become joint venture partners, i.e: Marubeni Itochu Steel
Inc., Hanwa Kozai Co., Ltd, JFE Steel Corporation, Kanematsu Corporation, Naomoto Industry
Co. Ltd, The Furukawa Electric, Ltd., Toyota Tsusho Corporation Japan, Taiwan Fluorescent
Lamp Co.Ltd, Taiwan, Ishizuka Glass Co., Japan, Srithai Superware Public Company, Thailand,
Weilburger Lacke Handelsges, Germany, etc. There are still many more promising ventures
under negotiations and yet to come.
Today, the Maspion Group is one of Indonesia's most respected groups of companies, totaling of
38 companies and 14 of them are joint venture companies. It employs approximately 25,000
people in its five industrial parks in East Java and one factory in Cibitung, Jakarta.
Group Members:
PT. Alumindo Light Metal Industry Tbk
Aluminium flat rolled product manufacturer
The company represents one of the principal business expansions of the Maspion Group. With its
heavy investment in state-of-the-art equipment, and strong support of its professional employees,
the company has become a regional market leader in a variety mill products including coil, circle,
foil, roofing, and treadplate. www.alumindo.com
PT. Indal Aluminium Industry Tbk
PT. Indal Compact Aluminium Industries
Aluminium extrusion and fabrication manufacturer
Initially founded as rolling mill to produce sheet and coil, today the company is emerged as one
of the largest fully integrated aluminium extrusions and fabrication plants in Indonesia, complete
with surface finishing facilities in anodizing and paint coatings. One of the expansion made is
extrusion aluminium plant in Cibitung, Bekasi, West Java under the name of PT. Indal Compact
Aluminium Industries. www.indalcorp.com
PT. Indalex
Façade cladding specialist as well as the contracting and project marketing arm of PT. Indal
Aluminium Industry Tbk. The company operated successfully and has been awarded for its many
completed prestigious high-rise commercial projects in Indonesia.
PT. Furukawa Indal Aluminium
Aluminium condenser tube manufacturer
A joint venture company with Furukawa Electric Co and Toyota Tsuho Co Ltd, Japan,
manufactures high technology aluminium tubes and condensers for automobile industry.
PT. Weilburger Coatings Indonesia
Industrial coating manufacturer
A joint venture with Grebe Group of Germany, produces the finest quality non stick coatings for
industrial market, especially for the cookware and electrical appliances industry.
PT. Nordisk Aviation Products Indonesia
As part of its commitment in developing and moving ahead to higher added value products, PT.
Indal ALuminium Industry Tbk has embarked a ULD container maintenance service and repair
business, with joint venture partner Nordiks Aviation Products Pte Ltd. Singapore, member of the
largest ULD cargo container manufacturer company.
PT. Cashew Grebe Indonesia
Industrial Coating manufacturer
Subsidary company of PT. Weilburger Coatings Indonesia, with joint venture with Cashew
Company Ltd., Japan to produce industrial coatings to export to Japanese market.
PT. Bumi Maspion and PT Alumindo Industrial Estate
Industrial Estates
These companies are both involved in developing comprehensive industrial estates in strategic
locations in the Surabaya. The combined are total is ………….hectares, ensuring adequate space
to meet significant share of the demand for quality industrial space in East Java.
PT. Alumindo Industrial Estate itself engages in developing and managing the Surabaya
Industrial Estate Benowo, located at Benowo district, Surabaya, 15-minute drive to Tanjung
Perak International Harbour and Container Terminal.
PT. Maspion Industrial Estate
Industrial Estate
One of the largest industrial estate in East Java, Indonesia, Maspion Industrial Estate was
designed and built implementing the concept of total facilities integration. A jetty to facilitate the
handling of chemical materials is available for all tenants. The estates comprises of
……….hectares and is strategically and conveniently situated in Manyar, Gresik, adjacent to the
main on-ramp to the Gresik-Surabaya freeway. This location allows for the smooth flow of goods
and materials in and out of the estate. Maspion Industrial Estate is firmly committed to the
protection and preservation of the global environment, so insists that all tenants take precaution to
enhance the quality of life.
PT. Dovechem Maspion Terminal
A joint venture subsidiary of PT. Maspion Industrial Estate, it specializes in modern bulk liquid
chemical storage facility at Maspion Industrial Estate area. The company is equipped with
complete facilities to ensure efficient handling and highest standards of plant safety and to
accommodate storage of various chemical materials.
PT. Citra Maspion Contractor
Construction and Developer
The company is engaged in the construction of buildings in Indonesia. It’s portfolio includes the
Pondok Maspion Complex, Pepelegi Indah Residential Estate, Pepelegi Indah Shophouses, and
other projects. The creation of pleasant surroundings is a top priority in its construction activities.
Maspion Square
Shopping Mall
Comprising of an area of ………..hectares, Maspion Square is one of the largest shopping centers
in Surabaya, the capital city of East Java province in Indonesia. The shopping mall is strategically
located on a major boulevard in south Surabaya, adjacent to the prestigious Margorejo Indah
housing estate. With major tenant of ‘Giant’ hypermarket, backed up by complete facilities such
as convention hall, cinemas, playground, and restaurants, Maspion Square is not only a shopping
mall, but also an entertainment center for the entire family.
Maspion Plaza
Office Tower and Shopping Center
Maspion Plaza at Gunung Sahari, Jakarta, was designed to be the display center for the Maspion
products as well as the office building for companies under the Maspion Group in Jakarta.
However, with total land area of about 6,000 square meters and 39,892 square meters of office
space, this 18th-story building is also intended as a rental office building. Strategically located in
the prime business are in Jakarta, the capital city of Indonesia, Maspion Plaza reflects the serious
efforts of the Maspion Group to expand into the property sector.
PT. Bank Maspion
Commercial Banking
Bank Maspion is a leading commercial bank in East Java, with a growing network in various
major cities in Indonesia, engages in general banking and foreign exchange activities. Taking
advantage of the expanded services that it can offer, Bank Maspion has become one of the
healthiest bank during crisis and turned out to even improve its performance afterwards. The
bank’s aim is to become financially healthy and trustworthy financial institutions, treating
customers as long term business partners.
PT. Maspion Trading
The company acts as trading and distribution arm of Maspion Group, handling variety of general
trading needs, including local, inter-city, export, and import, exclusively for Maspion Group of
companies.
PT. Maspion Bazar
Majority of Maspion Group products have been carried in Maspion Bazar stores to offer
consumers with the highlight of Maspion Group product varieties and features. The stores are
available in major cities in Indonesia, and also act as service centers for the repair and warranty of
most products manufactured by Maspion Group companies.
PT. Maxim Housewares Indonesia
Apart from Maspion Bazar, Maxim Housewares stores and counters are set up in shopping
centers through out major cities in Indonesia to carry premium kitchenwares produced and
distributed by Maspion Group companies.
PT. Trisulapack Indah
The company manufactures carton sheets and cardboard boxes to provide packaging needs of
major industry, including Maspion Group.
PT. Indal Steel Pipe
Steel pipe manufacturer
Specializing in manufacturing of Double Submerged Arc Welded steel pipe with wide range
dimensions and accompanied by international standards, the company has been the partner of
various projects, from water to oil and gas transmission line. Pipes lined with polyethylene and
conventional methods like coaltar, epoxy painting and cement lining are components of its
product range.
PT. Shanghai Maspion Oleo Chemical Industry
A joint venture company between PT. Maspion Investindo and Shanghai Soap Factory Co. Ltd
and Shanghai Light Industrial Corporation for Foreign Economic & Technical Cooperation,
where both partners are from China, specializes in soap manufacturer, with well known brand of
“Bee and Flower”. It also produces other branded bath soaps as well as tailor-made bath soap for
hotels and other various customers.
PT. Shanghai Maspion Toothpaste Industry
The company specializes in toothpaste manufacturing business, with main brand name of
“Maxam” under license from China. It was established as a joint venture company between PT.
Maspion Investindo and Shanghai Toothpaste Factory Co Ltd and Shanghai Light Industrial
Corporation for Foreign Economic & Technical Cooperation, both from China.
PT. Heisei Stainless Steel Industry
Stainless Steel Pipe Manufacturer
A Joint venture between PT. Maspion Investindo, Marubeni Corporation, and Hanwa Kozai Ltd,
both from Japan, manufactures high quality welded chemical and ornamental stainless steel pipes
and tubes.
PT. Siam Maspion Terminal
Chemical Port Operator
Joint venture between PT. Maspion Investindo and Cementhai Chemicals (Singapore) Pte Ltd., a
subsidiary company of a prominent group in Thailand. Located at Maspion Industrial Estate area,
the company provides jetty facilities for the loading, unloading, and storage of petrochemical
materials.
PT. Naomoto Indonesia
Industrial Ironing Table Manufacturer
A joint venture company between PT. Maspion Investindo, Naomoto Co. Ltd, and Kanematsu
Corporation, Japan. The company manufacturers finishing machinery and equipment for the
textile industry.
PT. Piaget Jatim Pratama
Singapore National Academy, the International School
As part of its social commitment and responsibility, Maspion Group has developed Singapore
National Academy, an International school based on the Singapore curriculum. The school
provides the best western and eastern pedagogy, starting from the earliest stage of children’s
education in playgroup up to high school. English is the primary language of instruction, and
Chinese and Indonesian as second languages. All children shall be provided with an education
that prepares them for the future challenge of globalization without having to leave the country
and their families
PT. ERP Multisolusi
PT. Anekakabel Ciptaguna
PT. Indal Servis Sentra
HIGHLIGHTS / NEWS / PRESS CENTER
News more on companies activities + Investor update?
BRANDS, PRODUCTS AND SERVICES -------- Link to Product web
INVESTOR INFORMATION
Main Shareholders ??
Financial Documents (FS and AR, downloadable)
Available in soft copy
Investor Update (financial news)?
-
An appreciative award from Dupont Indonesia has been given to PT. Maspion in
recognition of the company committed partnership for 16 (sixteen) years in Indonesia.
-
In recognition of its continued support and outstanding services in the development of
Federated Department Stores, Private Brands and Labels, PT. Maspion has received a
Five Star Award, from Federated Merchandising Group, USA for the service year of
2003.
-
19 October 2003: Mr. Alim Husin, the founder and Chairman of Maspion Group has
passed away in Fuqing, China. Funeral ceremony was on 2 November 2003 at the same
location. In company organization structure, Mr. Alim Husin position has been replaced
by Mrs.Angkasa Rachmawati, formerly the commissioner of the company.
-
On 11 July 2003, PT.Maspion has raised a Rp 500 billion bond, listed and traded on
Surabaya Stock Exchange with fixed interest rate of 13.5%p.a The Maspion Bond I, Year
2003 will expiry on 8 July 2008, and has amortization schedule of Rp 100 billion on 8
July 2006, Rp 150 billion on 8 July 2007, and Rp 250 billion on 8 July 2008. Around Rp
250 billion of the bond is entirely used for refinancing program to lower the effective
interest rate, and the rest is for working capital purposes. As of 31 March 2004, all funds
have been fully utilized. Net gearing level of the company is around 90-100%. The bond
is rated idA with stable outlook by Pefindo (Indonesia Rating Agent, in association with
Standard and Poor). Prior due diligence meeting and Public Expose on this bond offering
is launched on 27 May 2003, at Hilton Hotel, Jakarta, Indonesia.
-
9 February 2003 – The company promoted its ‘Maxim’ non stick cookware by a cooking
contest at Maspion and inviting a famous actor Ari Wibowo.
-
8 February 2003 – Roadshow with PT. Dupont Indonesia to socialize non stick cookware
using ‘Teflon’
-
25 January 2003 – Grand Opening of Maspion Square, by Surabaya Chief of Municipal,
Mr. Bambang D.H.
-
2 November 2002 – Soft Opening Maspion Square, a shopping center at Raya Margorejo
Surabaya, Indonesia, owned by the company. Situated in an area of 57.000 sqm, has one
biggest tenant of Giant Hypermarket. Products of the company are also sold in the
complex through Giant Hypermarket and Maspion Bazar, as well as Maxim Housewares.
-
PT Maspion has been named as a Sears Partner in Progress for 2002. This prestigious
award is presented annually to a select group of vendor companies that supply Sears,
Roebuck and Co. with quality products and services, from apparel, appliances and tools
to marketing, transportation services and technology. More than 10,000 sources
competed for this award in 2002. Prakasa Alim, Tarno Lo were honored on April 8 at an
event hosted by Sears Chairman and CEO Alan J. Lacy at Sears headquarters in Hoffman
Estates, IL. In the same year, PT. Maspion has also been named as Vendor of the Year of
the same customer.
Bond price and transaction (monthly)
Year 2004
Hi
Lo
Last
WAP*
Volume, Rp
billion
Frequency
January
February
March
April
May
June
July
August September
101.35
101.30
101.35
101.30
7
-
102.00
101.60
101.60
102.00
2.3
-
-
-
-
99.55
99.55
99.55
101.60
5
2
-
2
-
-
-
-
1
*Weighted Average Price
Contact Investor Relations:
The Corporate Secretary
Jl. Kembang Jepun 38-40
Surabaya 60162
Telp: +62-31-3531445
Fax: +62-31-3533055
Email: ipo@maspion.com, financehq@maspion.com
NETWORK AND REPRESENTATIVE OFFICES
Offices and Representatives
Head Office:
Jl. Kembang Jepun 38-40
Surabaya 60162
Tel: +62-31-3530333, 3531445, 3541040
Fax: +62-31-3533055, 3533218
Jakarta Office:
Maspion Plaza, 15-18th Floor
Jl. Gunung Sahari Kav 18
Jakarta 14420
Tel: +62-21-64701000
Fax: +62-21-64701066
Medan Office:
Jl. Nibung Raya 143
Medan
Tel: +62-61-4148869
Fax: +62-61-543325
Semarang Office:
‘Jurnatan’ Shopping Complex, Blok D 34-35
Jl. Cendrawasih – Semarang
Tel: +62-24-545416, 545237
Fax: +62-24-512019
Graph of globe/world, address
available upon ‘click’ ??
Alim Brothers Industries Pte. Ltd
Chye Sing Building #05-01
87 Beach Road, Singapore 189695
Tel: +65-63396560
Fax: +65-63396610
Fung Lam Trading Company Ltd.
Room 1810-2, 18th Floor, Wing On House
71 Des Voeux Road,
Central Hong Kong
Tel: +852-2521-6551
Fax: +852-2868-0204
Maspion Japan Co. Ltd
17, 1-Chome, Oogami, Ayase-shi
Kanagawa-pref, 252-1104
Japan
Tel: +81-467-71-0322
Fax: +81-467-71-0323
Maspion Canada Incorporated.
70 East Beaver Creek Road Unit 203-5
Richmond Hill (Toronto), Ontario, Canada L48 3B2
Tel: +905-882-1881
Fax: +905-882-0774
Maspion Europe
Ekono S.A.R.L
25 Boulevard des Italiens, 75002 Paris, France
Tel: +33-1-4266-4466
Fax: +33-1-4266-5513
CAREER
The company realizes that human capital is one of the most critical essence to establish a
sustainable company, and seeks the best possible way to maintain and to nurture the best talented
people in the company by a comprehensive career program.
Current Openings:
1.
2.
Any interested applicants may send application and complete resume to the Human Resources
Department, PO Box 1222, Surabaya……… or by email of hrdhq@maspion.com (depending on
which department requires the people)
SITE MAP
From Sam Design
LINKS
www.alumindo.com
www.indalcorp.com
www.bes.co.id
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