JAKARTA. PT Indocement Tunggal Prakarsa Tbk (INTP) has invested 20% of capital, or IDR 2 billion, in PT Amita Prakarsa Hijau (APH), a joint venture established by Amita Group from Japan.

Dani Handajani, Corporate Secretary of INTP, said that APH will produce alternative fuel and material to be distributed to cement manufacturers and other companies. The materials used for production originate from industrial and household waste. 

"This project contributes to reduction of greenhouse gas in cement production by utilising alternative raw materials and fuel," added Handajani in the official disclosure in Indonesia Stock Exchange (IDX).

Another party also reportedly invested in APH, namely PT Amita Tamaris Lestari (ATL), a business branch of Amita Group.

It is worth mentioning that INTP's investment in APH is carried out through PT Sari Bhakti Sejati (SBS).

According to IDNFinancials data, ATL is a joint venture established by Salim Group through PT Tamaris Prima Energi (TPE) alongside Amita Circular Design Sdn. Bhd. TPE's portion in ATL reaches 40%, while another 60% belong to Amita Circular Design. (KR/ZH)