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Company News
Pindad Manufactures 20,000 Guns
Bisnis Indonesia, page T7 (26-March-2007)
This year, PT Pindad plans to manufacture 20,000 guns and 50,177 units of bullets to pursue its Rp 23 billion net profit target, which is 66.4 percent higher than 2006’s net profit. The company aims to achieve total sales of Rp 82.254 billion from the gun division and Rp 162.018 billion from the ammunition division.
Pindad’s Incapability to Fulfil Domestic Demand
Bisnis Indonesia, page T7 (7-July-2005)
The management of PT Pindad, a state-owned corporation that manufactures military equipment, found it quite difficult to fulfil domestic demands for artillery and defense equipment. At the moment, the factory’s installed capacity is relatively low compared to artillery demands from the army and the police force. As it is the only company in the country that holds the license to manufacture weaponry, Pindad feels that it can not keep up with increasing demands. Pindad no longer has difficulties to find raw materials for the products although some materials are still imported. Pindad still can not rely solely on PT Krakatau Steel (KS), because KS has production limitations. The contribution of military product sales dominates 60 to 70 percent of Pindad’s income, while the remaining 30 to 40 percent come from non-military goods sales. As it is important to continue developing the products the company manufactures, Pindad has co-operated with weaponry companies such as FW (Germany), Bofors (Sweden) and Baretta (Italy) to develop ammunition and weaponry-related technology.
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