Our Business

We are enhancing the quality of our customers’ lives and creating a better world in our future-oriented, innovative, and customer-centered approach.

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Plantation

KORINDO plants trees and dreams together

KORINDO creates an abundance of timber resources through processing clonal forestry and carries out intensive management for raw materials of wood-processing industry. We also contribute to the growth of the local economy by building a plantation business.

Palm oil, one of nature’s best gifts

Indonesia is the world’s largest palm oil producing nation. In addition to its use as cooking oil and an ingredient in many dairy products, palm oil can be converted into bio-diesel, a form of renewable energy. KORINDO carries out its palm oil production in the provinces of Papua and Maluku, both of which provide optimal conditions for the cultivation of oil palms. The Oil Palm Plantation Division is continuously building on its worth by implementing efficient management practices and procedures.

Actively contributing in establishing Indonesia as the second-largest rubber producer in the world

The crude rubber plantation industry is one of Indonesia’s prides for its environmentally friendly nature and the dramatic rise of demand from India. By selecting clones that have been well-adapted to Indonesia’s environment, we will expand our plantation area to 27,000 ha, drawing a large labor force from Buru Island and enlisting the support of the local government. We also plan to build processing facilities.

Paper & Forest Product

An eco-friendly paper manufacturer that produces all products with 100% recycled base materials

KORINDO’s Paper Division is one of the largest newsprint manufacturers in Southeast Asia. With a total of 420,000 MT/year capacity equipped with DIP (deinked pulp) and paper machine, the division obtained the Forest Stewardship Council (FSC) and UNEP (UN) certifications. The division is partners with many distinguished media companies. The division also supplies paper to companies that manufacture telephone directories, tabloid magazines, and textbooks. The division’s plan is to evolve into a comprehensive paper manufacturer by diversifying products such as industrial paper.

FSC Recycled Paper. FSC™ C020189

Plywood

Taking pride as one of the best plywood manufacturers in the world.

Our Plywood Division, which is KORINDO Group’s first business unit, exports 98% of its production to the world, including Europe, Japan, the Middle East, and India. It produces 570,000m3 of plywood on an annual basis from 20 production lines at three plants in Balikpapan, Pangkalan Bun, and Asiki. Our plywood brand, KORINDO Plywood, has won recognition for its outstanding quality from construction companies and buyers in Saudi Arabia, UAE, Oman, Qatar, Kuwait, and the domestic market of Indonesia.

Product
Film-Faced Plywood (FFP), Urethane Coated Plywood (UCP), Container Flooring Plywood (CFP), Floor Bases (FB), Ordinary Plywood (OP)

Certification
ISO 9001, ISO 14001, JAS, CE, FSC-COC, SVLK

Wood Chip, Wood Pellet, Sawn Timber / Moulding

Maximizing earnings by optimal utilization of harvested trees

The industrial wood processing complex produces wood chips, wood pellets, and sawn timber. These investments, which include eco-friendly biomass, have become new growth engines for KORINDO Group.

Construction & Heavy Industry

Creating clean energy with wind

Our wind tower enterprise is an eco-friendly, renewable energy business that is supported by more than 40 years of production experience, cutting-edge technologies and state-of-the-art equipment. Our wind tower plant, which obtained ISO 9001 certification after passing strict international quality and conformity tests, produces superior quality goods while always meeting its deadlines. As the largest operation of its kind in Southeast Asia, the plant can deliver “one-stop services” anywhere in the world. It is located only a kilometer away from the Ciwandan Port, allowing exports to be conducted simply and easily.

Certification ISO 14001:2000/ISO 9001:2000, ASME “U” “S” “PP”

Proudly leading Indonesia’s industrial facilities

The Industrial Plant Division, a key player in the areas of chemical engineering, power generation, and the environment, has always been a significant leader in the construction of heavy industries in Indonesia. We provide high-quality services, use advanced technologies, and support continuous technology development for improving customer satisfaction. In addition, we are fostering positive partnerships built on trust with on-time delivery, low costs, and high quality.

Certification ISO 14001 (2004), ISO 9001 (2008), ASME “U” “S” “PP” (2011)

Producing specialized vehicles that meet the diverse needs of our customers

The Special Vehicle Division has become an industry leader by developing a variety of specialized vehicles and transportation equipment based on its excellent production facilities, advanced technologies, and differentiated services. We do our utmost for the development of our customized products, fine after-sales service, and perfect quality control.

Logistics

Shipping

KORINDO Group’s Shipping Division, has connected the production locations of logs, timber, and crude palm oil to our import/export base of KORINDO Group. We, at shipping division, have built more competitive Indonesian domestic lines based on these abundant experience and know-how. We will proceed to develop ocean-going services, cross trading services, and expand the carrying service for KORINDO Group’s main export goods, so that KORINDO Group may complete its 2nd take-off with increased power.

Transportation

With advanced transportation equipment and various networks in major locations all over Indonesia, KORINDO’s transport business provides the best service to the customer both in the private sector and in the transport of general and heavy cargo, right from the production site to the port. It is our personal goal to transport the customers’ cargo quickly and safely with competitive prices.

Distribution Center

KORINDO provides comprehensive distribution services across land, sea, and sky

KORINDO’s Distribution Center provides customers with advanced-level services through its integrated distribution solutions by securing regional bases and integrated software to achieve the most effective results. Since its establishment in early 1990, the division has grown into a leading player in logistics that is increasingly recognized in the global market for its expertise in handling inland transportation, import and export containers, and project cargo services.

Financial Services

Securities

KORINDO is developing the capital market and creating prosperity in Indonesia

The company quickly became one of the most respectable security companies in Indonesia. Our security division takes pride in its core value of partnering with you for your financial future and dedicates all its energy on foreign and domestic capital market.

Multi Finance

The first Korean-Indonesian multi-finance company with successful localization

We are a multi-finance company offering a wider range of finance services including leasing, factoring, and consumer finance. As the dominant market leader, our multi-finance division is making great strides to improve the quality of its service and customer satisfaction by investing in IT infrastructure and human resources.

Insurance

We guarantee business stability against various risks

Our general insurance company started in 1998. It is committed to ensuring stability and continuity in the management of companies and organizations. It provides clients with insurance coverage against a wide variety of property and liability risks, including natural disasters such as earthquakes, tsunamis, and floods.

Real Estate

Developing creative new paradigms for living spaces

KORINDO’s Real Estate Management Division creates practical yet comfortable living and working spaces in a pleasant natural setting. These facilities include tranquil residential units that promote well-being, as well as offices with easy access to highways.