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Petrosea (PTRO) and Hyundai Construction Equipment Asia Establish Strategic Partnership

PT Petrosea Tbk PTRO

Wed 13 Sep 2023, 09:00 AM



PT Petrosea Tbk ( PTRO ) signed a Memorandum of Understanding (MoU) with PT Hyundai Construction Equipment Asia, a subsidiary of HD Hyundai Construction Equipment Co. Ltd.

The signing of the MoU was carried out by Romi Novan Indrawan, President Director of Petrosea and Ruddy Santoso, Chief Financial Officer of Petrosea together with Choi Cheol Gon, CEO of HD Hyundai Construction Equipment Co. Ltd and Chae Heebum, President Director of PT Hyundai Construction Equipment Asia.

Petrosea and Hyundai Construction Equipment Asia plan to build a strategic partnership in providing innovative solutions for the mining, construction and heavy equipment sectors in Indonesia, especially in several business aspects including re-manufacturing partnerships, strategic machinery distributor partners, human resource development partners, as well as potential other business collaborations.

Petrosea is a sustainable resources company and multi-disciplinary company in the mining, EPC, and oil and gas services sector which has various capabilities, including carrying out maintenance and refurbishment  of heavy  equipment to support the needs of all Company projects through the Petrosea Rebuild Center (PRC) located in Balikpapan, East Kalimantan.

HD Hyundai has established its position as one of the most reliable manufacturers and suppliers of heavy equipment in the world, including in Indonesia and maintains its position in the market as one of the leading providers of heavy equipment solutions.

"We really believe that this MoU will be the start of a strategic partnership that will have a positive impact on the growth of both companies in the future," said Romi Novan Indrawan, President Director of Petrosea in a press release, Thursday (7/9).

Meanwhile Choi Cheol Gon, CEO of HD Hyundai Construction Equipment Co. Ltd said, after this MoU procession, HD Hyundai hopes to continue to increase cooperation and collaboration with Petrosea in other wider distribution sectors.

Going forward, Petrosea and Hyundai Construction Equipment Asia will continue their focus on prioritizing social factors and providing sustainable resources and energy as part of our commitment to prioritizing ESG as a continuation of both companies' sustainability strategies.

Image source: PT Petrosea Tbk PTRO

Source: PTRO dan Hyundai Construction Equipment Asia Jalin Kemitraan Strategis


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