According to an Aug 1 announcement, the first proposed project is a 100 ha industrial park in Tembesi, located within the Muka Kuning area, an established industrial zone on mainland Batam with a diverse mix of electronics, electrical, precision engineering and pharmaceutical industries.
A wholly-owned subsidiary of Sembcorp Industries (SGX:U96
) has signed memoranda of understanding (MOUs) with two subsidiaries of Panbil Group (Panbil) to jointly develop low-carbon industrial parks in Batam, Indonesia.
Panbil Group is a developer based in Batam with businesses spanning construction, industrial real estate, utilities services and hospitality.
