Photo (L-R) : Operation and Commercial Director PT Pelindo III Putut Sri Muljanto, President Director PT Pelindo II Arif Suhartono, Vice SOEs Minister II Kartika Wirjoatmodjo, President Director PT Pelindo I Prasetyo and President Director PT Pelindo IV Prasetyadi
Indonesian Government through its State-Owned Enterprises (SOEs) Ministry has just announced the merger of state port operators – PT Pelabuhan Indonesia (Pelindo) I, II, III, and IV. The four state port operators will be merged into one corporate – Pelindo.
On today’s virtual press conference (Tuesday, September 1), Vice SOEs Minister II Kartika Wirjoatmodjo officially told the public about the merger plan and explained reasons why to do it.
“This merge is done in a bid to build a stronger national port industry, build up maritime connectivity throughout the country, and to build up port operator competitiveness,” Kartika said.
This Pelindo merger remains part of the government’s strategic program and the SOEs Ministry’s initiative in continuing consolidation process in state owned enterprises, including state port operators, Kartika said further. “This is also apart of National Strategic Program as President Joko Widodo has called for,” he said.
Kartika Wirjoatmodjo: “This merge is done in a bid to build a stronger national port industry, build up maritime connectivity throughout the country, and to build up port operator competitiveness.”
Based on the study that has been carried out on the option of restructuring the state ports, the merger is the most suitable option because it can maximize synergies and create added value.
In the merger plan, Pelindo II will become the merger-recipient company. Pelindo I, Pelindo III and Pelindo IV will be dissolved by law without a liquidation process.
Pelindo’s integration process is planned to be carried out early next month (October 2021). The legal basis of the merger – the Government Regulation on Pelindo Merger – is still in the process for issuance. The merger will be effective soon after signing the Deed of Merger.
Top executives of the Pelindo I-IV, including President Director PT Pelindo I Prasetyo, President Director PT Pelindo II Arif Suhartono, Operation and Commercial Director PT Pelindo III Putut Sri Muljanto and President Director PT Pelindo IV Prasetyadi joint this virtual press conference.
Commending this merger, President Director PT Pelindo II Arif Suhartono said: “In the future, Pelindo will have a better control and strategic controlling. The development planning will be more holistic to realize an integrated port network, thus finally supporting a lower logistics costs.”
After merger, the Pelindo management model will not be region-based again, but based on business lines and entities, thus business focusing can be realized better.
Business focusing according to clusters will improve capabilities and expertise which will have an impact on increasing customer satisfaction through better service quality and increased efficiency in the use of financial resources, assets, and human resources, according to Arif.
“The integration of Pelindo has many benefits for the company and for the national economy as well,” Kartika says, adding that the merger will trigger the company (Pelindo) to go global. According to Kartika, the merger will make Pleindo to become the 8th largest container terminal operator in the world with a total annual container throughput of 16.7 million TEUs.