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Doing Business in Indonesia Chances and Challenges Best practice example. Karl-Otto Ueberbach VP BOMAG Singapore. Wednesday, April 17th, 12:20-12:40; Munich, DE. Where to start?. Doing Business in INDONESIA. Basic data Chances Challenges Example BOMAG Contacts. Basic data Chances
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Doing Business in Indonesia Chances and ChallengesBest practice example Karl-Otto Ueberbach VP BOMAG Singapore Wednesday, April 17th, 12:20-12:40; Munich, DE
Doing Business in INDONESIA • Basic data • Chances • Challenges • Example BOMAG • Contacts
Basic data • Chances • Challenges • Example BOMAG • Contacts
Distance and Time Distance: 11.100 km (FRA - CGK) Time difference: 5/6 h
Size compared to Europe 1.9 mil sqkm = # 15 in the world (5.3 times DE) North to South ~ 1,800 km West to East: ~ 5,000 km Population: ~250 mil = # 4 in the world (~3.0 times DE / 1/3 of EU) Urbanization: 44%
Indonesia: Part of ASEAN ASEAN: Association of SEA Nations HQ in Jakarta, founded 1967 Today 10 SEA Nations; ~ 600 mio people
Indonesia: Part of ASEAN-CHINA FTA ASEAN-CHINA FTA Signed 2002 Effective since Jan. 2010 ~ 1.8 bn people
Basic data • Chances • Challenges • Example BOMAG
Growth Potential… Source: www.timetrix.com
Mining … .
Basic data • Chances • Challenges • Example BOMAG • Contacts
Challenges • Distance: 11.000km • Size of country: 1.9 mil sqkm • Language: Indonesian (Bahasa Indonesia) • English for overseas business • Culture: Multitude of religions • Islam, Christianity, Hinduism, Buddhism • Currency: IDR
Exchange rates …. 1 EUR = 12 466 IDR (09/04/2013) 1 USD = 9 739 IDR (09/04/2013) FX rates over 10 yrs
Basic data • Chances • Challenges • Example BOMAG • Contacts
BOMAG in Indonesia Since 1972 with one partner only: !
BOMAG in Indonesia 40 Years anniversary in 2012
Basic data • Chances • Challenges • Example BOMAG • Contacts