Public listed car terminal operator PT Indonesia Kendaraan Terminal Tbk (IDX: IPCC), a subsidiary of Subholding Pelindo Multi Terminal (SPMT), has reported outstanding operational performance for the year. As of the end of 2024, the company achieved significant growth in cargo throughput and ship calls, with increases of 18.8% and 44%, respectively.
These impressive results are a testament to the hard work and dedication of both the company’s internal teams and its external stakeholders.
A key driver of this performance was the handling of truck and bus cargo, which saw a remarkable 78.7% year-on-year (YoY) increase. By November 2024, IPCC had successfully handled 155,595 units. This surge can be attributed to the growing demand in Indonesia’s mass transportation sector, particularly in the importation of electric buses, which align with the country’s push for a more environmentally friendly and zero-emission fleet.
Another notable achievement was the growth in heavy equipment cargo, which rose by 24.25% YoY to reach 4,676 units, contributing to a total of 23,960 units handled by November 2024.
This increase was partly due to the expansion of the company’s operational footprint following the Pelindo merger, which added four new satellite terminals. Balikpapan Satellite Terminal, in particular, has seen significant activity due to ongoing development related to Indonesia’s National Capital City (IKN) project and its proximity to the country’s mining hub.
Equally impressive was the performance in Completely Built-Up (CBU) cargo, which reached 776,380 units by November 2024. This marks an increase of 48,349 units or 7% YoY, despite the overall slowdown in the national automotive sales market. This growth in CBU cargo is noteworthy, especially considering the national automotive sales have experienced a decline of up to 14.7% according to the Indonesian Automotive Industry Association (GAIKINDO).
One of the standout trends in 2024 was the rise of electric vehicles (EVs) in Indonesia. As the EV ecosystem continues to gain momentum with various global automotive brands entering the market, IPCC recorded handling of 21,217 CBU EV units. This includes popular brands like BYD, VINFAST, and AION, which have significantly contributed to this surge in electric vehicle imports.
IPCC President Director Sugeng Mulyadi commented on these achievements, saying: “Our growth is the result of continuous service improvements, including the transformation and optimization of planning and control systems, as well as the launch of our new operating system, PTOS-C, at several satellite terminals. Additionally, we expanded the former PP stacking field by 0.3 hectares and optimized existing land through a more efficient business model.”
IPCC’s Operations and Engineering Director, Bagus Dwipoyono, also highlighted efforts to manage the increased cargo flow, particularly in handling CBU at the Jakarta Branch. “To accommodate the surge in demand, we are enhancing the field infrastructure, such as upgrading and remarking Block O and B fields, adding CCTV surveillance, and revitalizing the safety net at the storage building ‘Gedung Merah Putih.”
Looking ahead to 2025, IPCC is focused on maintaining its strong performance. Planned initiatives include further implementation of the PTOS-C operating system at the Jakarta Branch International Terminal, operationalizing the Ex-PP stacking yard with a capacity to handle approximately 300 CBU units, and expanding international piers to better serve user demands.
Additionally, the company is working to extend its work area in Eastern Indonesia and relocate domestic piers to Tanjung Priok Port.
Senior Manager of Corporate Secretary, Endah Dwi, concluded: “We hope that the achievements made so far will continue to drive our collective spirit. We look forward to further collaboration with service users to continue improving our performance, which will contribute positively to Indonesia’s national economy.”