TIMAH Prepares a Business Proposal to Secure a Capital Injection from Danantara

PT Timah Tbk. (TINS) is preparing a business proposal to secure a capital injection from Danantara Indonesia. This move is part of efforts to strengthen its downstream program. PT Timah’s Director of Business Development, Suhendra Yusuf Ratuprawiranegara, said the funds would be directed to its subsidiary, PT Timah Industri, to support downstreaming. “We are likely preparing a business proposal by PT Timah Industri so it can receive an injection or investment from Danantara,” he said in a recent public presentation.

He stated that Danantara has expressed a commitment to support the company’s downstream processes and upstream business development. However, there has not yet been an official statement from the super-holding regarding this matter.

Previously, PT Timah’s Finance & Risk Management Director, Fina Eliani, said downstream activities have been carried out through the subsidiary PT Timah Industri, which operates in Cilegon, Banten.

Fina added that the subsidiary has already produced several derivative products, such as tin chemicals and tin solder.

“This year, PT Timah Industri is developing products for key raw materials and tin chemicals,” she said during an incidental public presentation held online on Wednesday (10/15/2025).

The new products under development are Ethylhexyl Thioglycolate (EHTG) and TMP Solid, which will serve as primary raw materials in tin-chemical production.

PT Timah also received six smelter units and hundreds of heavy equipment items seized in corruption and illegal mining cases within the company’s operating areas.

The handover of these assets was conducted in stages, starting from the Attorney General to the Deputy Minister of Finance, then to the CEO of BPI Danantara, and finally to the President Director of PT Timah.

Source: https://koranbumn.com/timah-menyiapkan-proposal-bisnis-untuk-memperoleh-suntikan-modal-ke-danantara/

Advertisement