Press Release

December 27, 2024

TOWARD THE CLOSING OF 2024, IPCC RECORDED CARGO GROWTH

Jakarta, 27 December 2024. At the end of 2024, PT Indonesia Vehicle Terminal Tbk (IDX:IPCC) recorded brilliant operational performance. As a subsidiary of Subholding Pelindo Multi Terminal (SPMT), the Company recorded consolidated growth in cargo flows and ship visits of 18.8% and 44% respectively.  This positive achievement cannot be separated from the hard work of all parties, both internal to the Company and external stakeholders.

The increase in performance from the operational side was supported by increased handling of truck/bus type cargo on a consolidated basis, recorded as having successfully handled 155,595 units by November 2024, growing 78.7% YoY. This is reflected in the high demand for the mass transportation sector on a national scale, one of which is importing electric buses to meet the need for an environmentally friendly and zero pollution fleet.  The second best score was Heavy Equipment cargo performance of 4,676 units or an increase of 24.25% nYoY, where up to November it managed to handle 23,960 units. This achievement is based on several factors, such as the addition of the Company's operational area after the Pelindo merger, which has added 4 Satellite Terminals, especially the Balikpapan Satellite Terminal which is the busiest due to development activities of the National Capital City (IKN) and the center of mining areas in Indonesia.

No less impressive was the handling of CBU cargo up to the November 2024 period of 776,380 units, an increase of 48,349 units or 7% YoY, this is quite interesting if you look at the declining trend in national automotive sales. The increase in the number of CBU cargoes is also influenced by the enthusiasm of the Indonesian people with the presence of electric cars in welcoming the EV ecosystem. This is an achievement in itself for the Company amidst the declining trend in vehicle sales, especially automotive, up to 14.7%, citing GAIKINDO (Indonesian Automotive Industry Association) data. What's even more interesting is that the EV (electric vehicle) ecosystem is increasingly developing in Indonesia with the invasion of various brands and types from world automotive giants such as China, Korea and various European brands. It is recorded that up to November 2024, the IPCC has handled 21,217 CBU EV units, especially for the BYD brand, VINFAST and AION.

IPCC Main Director Sugeng Mulyadi said "We have made various service improvements to meet the expectations of service users, such as transformation and optimization of Planning and Control based services, Go Live new operating system, namely PTOS-C at several satellite terminals, expansion of the former PP stacking yard as wide as 0.3 Ha, and optimizing existing land with the PDC business pattern." "To anticipate a surge in cargo flows, especially CBU at the Jakarta Branch, we are upgrading the field side, such as hardening and remarking the Block O and B fields, adding CCTV and revitalizing the safety net of the Red and White Building," continued Bagus Dwipoyono, Director of Operations and Engineering at IPCC.

In an effort to maintain the Company's performance in 2025, Management has determined the Company's plans, including implementing the PTOS-C operating system at the Jakarta Branch International Terminal, operating an Ex-PP stacking yard which can accommodate ±300 CBU units, adding an international dock to meet needs. service users by relocating domestic docks to Tanjung Priok Port and expanding the work area in Eastern Indonesia. "Hopefully what the Company has achieved to date will boost our work enthusiasm and enable us to collaborate with service users to improve performance which will ultimately have an impact on the national economy," concluded Endah Dwi, Senior Manager of Corporate Secretary.

IPCC-Beyond The Gate
IPCC, Leading to be The World Class Car Terminal Ecosystem
#IPCCTerminalKendaraan #IPCCBeyondTheGate
#PelindoGroup #IndonesiaMaritimeGateway
 

<< BACK TO OTHER NEWS