ABM: Logistic bonded zones help cut logistic costs

IDX-listed investment firm PT ABM Investama Tbk (ABM) said logistic bonded zones (PLB) that are operated the company’s logistic subsidiary, PT Cipta Krida Bahari (CKB), has managed to slash logistic costs and improves logistics flow.

“Based on the seven logistic bonded zones that we are operating, there has been a fast and efficient flow of goods. Importers gain benefits as the imported goods are not immediately taxed until goods leave the bonded zones,” Iman Sjafei, President Director of CKB Logistics, said in Jakarta on Friday (19/07).

ABM Investama is among the first companies in Indonesia that obtained permits to operate Logistic Bonded Zones in Indonesia.

Iman said one of the logistic bonded zones operated by CKB Logistics is located in Cakung, East Jakarta. The bonded zone accommodates heavy equipment and spareparts of various industries, which in the past were placed in Singapore warehouses.

The Cakung logistic bonded zone was established on 124,000 square meters of land and serving more than 50 companies as its partners.

This year, CKB Logistics will expand the capacity of its warehouse in Surabaya by 18,000 square meters to 42,500 square meters, which is located at Central Business Park Osowilangon.

The park contains logistic bonded zone, which is scheduled to start operating in October 2019.

The Indonesian government launched logistic bonded zones in 2016 as a move to create an efficient logistic system in the country. Since then, as many as 95 logistic bonded zones have been established across the country.

CKB Logistic operates seven multi-functions warehouses located in Cakung, Marunda, Cilegon, Karawang, Surabaya and Balikpapan with occupancy rate of  91 percent. Most of its customers are companies that are engaging in mining, oil and gas, construction, steel, textile, chemical and aviation.

Editing by Roffie Kurniawan