Leading 3D construction printing technology supplier Cobod International has entered into a joint venture agreement with PT Modula Sustainability Indonesia, a subsidiary of PT Bakrie & Brothers, to establish a joint venture aimed at developing a 3D construction printing business in Indonesia.
PT Bakrie is one of Indonesia’s foremost corporations and Bakrie & Brothers is the lead company of the Bakrie Group, an 80-year-old business group in Indonesia. The group controls and operates businesses in multiple industries. Modula Sustainability Indonesia is a subsidiary of BNBR, focusing on offering and providing solutions for housing backlog problems currently encountered by the country.
Teaming up with Cobod, the company is set to adopt the latest 3D construction printing (3DCP) technology and is ready to offer the Indonesian market a new and better solution for the housing constructions.
The agreement was signed in Jakarta by the CEO of Modula, Indra Ginting, and co-Founder & head of Asia-Pacific Cobod International, Simon Klint Bergh.
Director of PT Bakrie, Roy Hendrajanto M Sakti, said: “This agreement was made to forge the collaboration between Modula and Cobod to focus on developing business in the construction industry with 3DCP technology in Indonesia. Our joint-venture will carry out the role of sales, distribution, and market development in Indonesia, and all business activities to build up the 3DCP technology,”
While Cobod has realized significant sales of its 3D construction printers in North and South America, Europe, and Asia, it is yet to deliver a printer to Indonesia. Cobod’s printers have already been applied in multiple countries around the world. Cobod’s printers are also used in printing wind turbine towers and other industrial applications.
The new company will be called PT Modula Tiga Dimensi, which in English would be like ‘Modular 3D dimension company’, reflecting the focus on 3D construction printers and the modular build of COBOD’s printers.
Roy said: “New 3D print technology, especially that applied to building construction, is relatively new in the Indonesian market. Modula intends to become one of the pioneers and the leading provider of 3DCP technology in the country, especially in the building and housing construction segment”.
Simon Klint Bergh said: “We are proud to be partnering with the large Bakrie Group to bring our state-of-the-art 3DCP technology to Indonesia. This will help solidify our position as the leading 3DCP technology provider in the world. Together with the Bakrie Group, we will have great opportunities to grow, and to demonstrate to the Indonesian market how our technology can be applied to build faster, better, cheaper, and more environmentally-friendly.”