PT Indocement Tunggal Prakarsa Tbk. (Indocement) has established a joint venture (JV) with Mondi Industrial Bags GmbH (Mondi), part of the Mondi Group, a global company in packaging and paper. The joint venture is named PT Mondi Indo Prakarsa Kemasan (MIPK) and represents a strategic step to strengthen the supporting ecosystem for product quality—particularly through a reliable supply of cement bags.
Under the shareholding structure, Indocement will hold 40% of MIPK, while Mondi will hold 60%.The joint venture is located at the Indocement Citeureup Factory in Bogor, West Java, with Indocement as the primary customer.
