Jakarta, Indonesia, October 5, 2016
– IFC, a member of the World Bank Group, announced today that it is supporting the expansion of Indonesia’s largest industrial gas company, PT. Aneka Gas Industri Tbk (Aneka Gas).
IFC participated in the company’s Initial Public Offering with an $11 million equity investment which will support the development of new industrial gas plants and distribution facilities throughout Indonesia, including the islands of Java, Sumatra, Kalimantan, Sulawesi, Bali and West Nusa Tenggara.
Aneka Gas produces a variety of industrial gases including oxygen, nitrogen, argon and others, serving various sectors including agribusiness, consumer goods, heavy industry, and Small and Medium Enterprises (SMEs).
While the company has 30 percent of the national market share in overall industrial gas production, it is pivotal to the healthcare sector in particular, claiming 75 percent of market share in the provision of medical gases and related equipment and services to hospitals and other health facilities.
“As the only industrial gas player with a nationwide distribution network, Aneka Gas is competitively positioned to take advantage of growing demand throughout Indonesia, especially in underdeveloped provinces,” said Rachmat Harsono, Vice President Director of Aneka Gas. “Our well-diversified customer base, which ranges from hospitals and food & beverage companies to automotive and construction businesses, provides growth opportunities across the spectrum of the nation’s economy.”
“Businesses supporting the consumer and SME sectors are key drivers of job creation and growth for the economy, particularly in less-developed frontier regions,” said Azam Khan, IFC’s Country Manager for Indonesia. “Companies serving the healthcare sector are another important focus for IFC, given the Government of Indonesia’s goal of Universal Health Coverage for the population by 2019.”
Present in Indonesia since 1968, IFC has financed and mobilized over $6.6 billion for private sector projects over the past 47 years. Through a combination of investment and advisory services, IFC works to reduce the impact of climate change, increase rural incomes and promote sustainable urbanization in Indonesia.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit
www.ifc.org
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