PT PINDAD Gets the 268 million USD from Goverment to Expand the Business

PT. PINDAD, State-owned weapons manufacturer  is aiming for Rp 3.5 trillion (US$268 million) in multi-year contracts from the government as the firm sets its sights on sales of Rp 4 trillion this year.The company foresees better prospective after its reputable performance of technology in international anteriority. The company is behind the achievement of indonesian's forces winning the international shooting championship held in australia for 2  consecutive years. Sophistication of its weapon technology caught the world wide attention after beating the other countries including USA and europeans. The latest news, the weapon of pindad is capable piercing bullet proof vest of USA even the bullet proof tank. 

The company and government looks forward of this as a good opportunity to expand its business of weapon manufacture internationally. President jokowi also supports financially as he aims for better sophisticated alutsista of which pindad gets involved.

The company thanked the government's commitment to increasing Pindad's sales by 30 to 40 percent every year, president director Silmy Karim said on Wednesday. Pindad booked Rp 2.8 trillion in contracts in 2015, up 79 percent from the Rp 1.56 trillion it booked in the previous year.

Pindad recorded a 36 percent increase in sales in 2015 compared to 2014, Silmy said. Furthermore, the firm also booked production increases in weapons, armored vehicles and special ammunition of 133 percent, 86 percent, and 84 percent, respectively, in 2015 compared to the previous year.

"The multi-year contracts will help Pindad to form a longer-term plan, we need to renovate some facilities as well as expand the production line," he told.

Prior to 2015, the weapons producer only booked growth in contract values of a mere 2 percent every year. 

"We’re aiming for Rp 5 trillion sales at the end of President Joko ‘Jokowi’ Widodo's term. Compared to the big Asian players like South Korea, China, India and Singapore we are still small, but we are moving forward," he said.

Pindad's current sales mostly come from domestic needs with only 10 percent of its product exported overseas such as to Laos, Thailand, the Philippines, Egypt and Nigeria. The company recently produced a non-military product, an excavator, which has booked 11,000 orders from the government for its extensive infrastructure projects, Silmy claimed, adding that there was no plan yet to sell the product to private companies