Danareksa shareholders approve name change as company shifts to industrial estates
The proposed name, PT Kawasan Industri Indonesia (Persero), will take effect after the Minister of Law approves amendments to the company’s articles of association.
Shareholders of Indonesia’s PT Danareksa (Persero) approved renaming the company PT Kawasan Industri Indonesia (Persero) on 9 November 2026, marking its shift from a multisector state-owned holding company to one focused on managing and developing industrial estates.
The change remains subject to approval from the Minister of Law for amendments to the company’s articles of association. It will not alter the company’s legal status, and existing rights, obligations and agreements with partners, other third parties and employees will remain in force.
The move forms part of a restructuring and consolidation of state-owned enterprises directed by Danantara Indonesia. The initiative aims to integrate industrial-estate management, improve competitiveness and attract investment into Indonesia.
Under its revised focus, the company will concentrate on estate development, infrastructure and service improvements, and an industrial ecosystem supporting downstream processing and job creation.
The company has seven industrial estates covering 7,706 hectares across five provinces in Sumatra, Java and Sulawesi. They accommodate more than 1,200 companies from 25 countries and support more than 300,000 jobs.
The company says it is committed to closer coordination among its estates, making investment easier and developing modern, sustainable industrial areas.
