Investment Minister Rosan Roeslani Meets Tsingshan Group to Discuss Continued Investment and Nickel Downstreaming
Fri 09 Jan 2026, 03:13 AM
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Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani recently received a visit from representatives of China’s industrial giant Tsingshan Group. The high-level meeting was revealed through a post on Rosan’s personal Instagram account, @roesanroeslani, on Friday (January 9, 2026).
In his post, Rosan emphasized that Indonesia and Tsingshan Group have established a long-term partnership. This cooperation, according to “Mureks”, focuses on developing nickel-based industries and mineral downstreaming programs in the country.
Discussion on Investment Sustainability and Downstreaming
“Indonesia and Tsingshan Group have established a long-standing collaboration in nickel-based industries and downstreaming in our country,” Rosan wrote on his personal Instagram account, quoted Friday (January 9, 2026).
The early-week meeting involved Rosan; the Chairman of External Tsingshan, Mr. Xiang Binghe; and the Director of PT Indonesia Weda Bay Industrial Park (IWIP), Mr. Scott Ya. Their discussion covered several crucial points.
“We discussed sustaining investment, deepening value-addition, and the direction of industrial-park development so it aligns even more closely with Indonesia’s long-term development vision,” said Rosan.
Profile of Tsingshan Group and Its Footprint in Indonesia
For context, Tsingshan Holdings Group is a private Chinese company engaged in stainless steel and nickel. Founded in 1988 by Xiang Guangda in Wenzhou, the company began entering Indonesia’s nickel industry in 2009.
One Tsingshan affiliate operating in Indonesia is PT Weda Bay Nickel. According to Weda Bay Nickel’s official website, the company is a joint venture in which Tsingshan holds a majority 51.3% stake. Eramet owns 37.8%, and PT Antam Tbk holds 10%.
Tsingshan also owns PT Indonesia Tsingshan Stainless Steel (ITSS), located within the PT Indonesia Morowali Industrial Park, Central Sulawesi. ITSS is engaged in metal-mineral processing and stainless-steel production. Its shareholders include Tsingshan Holding Group Company Limited, Tsingtuo Group Co. Ltd., Hanwa Company Limited, and Ruipu Technology Group Company Limited.
PT Indonesia Morowali Industrial Park (IMIP) also holds a 10% stake in ITSS, making it the only Indonesian company among the shareholders. In Morowali, Tsingshan Holding Group has other subsidiaries operating in similar fields, such as PT Indonesia Guang Ching Nickel and Stainless Steel Industry (GCNS) and PT Sulawesi Mining Investment (SMI).
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