Indonesia Automotive Joint Venture Targets Component Manufacturing

Indonesia Automotive Joint Venture Component Manufacturing

Announced on September 15, 2026, Indonesia-listed PT Dharma Polimetal Tbk entered into an agreement with Minth Group to establish PT Dharma Minth Indonesia (DMI), a joint venture focused on manufacturing automotive components for four-wheel vehicles. The agreement creates a new manufacturing entity in Indonesia, combining the participating companies in a business focused on component production. DMI is intended to manufacture products including battery housings and body and chassis structures produced through aluminum extrusion, while also undertaking plastic component design as part of its planned activities.

PT Dharma Minth Indonesia Capital Structure

PT Dharma Minth Indonesia has an authorized capital of IDR 180 billion, with IDR 45 billion issued and fully paid. Talentlink Development Ltd holds a 51% stake in the joint venture, while PT Dharma Polimetal Tbk owns the remaining 49%. This ownership structure establishes Talentlink Development Ltd as the majority shareholder and Dharma Polimetal as the minority shareholder in DMI. The capital arrangement accompanies the formation of the new company and provides the stated financial foundation for its planned automotive component manufacturing activities.

DMI Automotive Component Manufacturing Scope

DMI's planned product portfolio covers several automotive component areas relevant to four-wheel vehicles. The joint venture will manufacture battery housings and body and chassis structures using aluminum extrusion, while its activities will also include plastic component design. These capabilities place the new entity across both structural and component-development applications within automotive manufacturing. The stated scope does not provide additional production volumes, facility capacity, investment timing, or launch dates, so those details remain outside the information announced with the joint venture agreement.

Industry Impact & Outlook

The formation of DMI expands the stated component-manufacturing scope of the participating businesses in Indonesia's four-wheel vehicle supply chain, particularly through battery housings, aluminum-extruded structures, and plastic component design. The combination of structural components and design capabilities could support a broader local manufacturing offering, although the announcement does not specify production capacity, customer programs, or commercialization schedules. The immediate significance therefore centers on the establishment and ownership structure of the new joint venture, while its longer-term industry impact will depend on how DMI develops manufacturing operations and secures production opportunities in the Indonesian automotive market.

Frequently Asked Questions

What is PT Dharma Minth Indonesia?
PT Dharma Minth Indonesia, or DMI, is a newly formed joint venture established through an agreement between PT Dharma Polimetal Tbk and Minth Group for automotive component manufacturing. The company will focus on components for four-wheel vehicles and is planned to manufacture battery housings and body and chassis structures using aluminum extrusion. Its activities will also include plastic component design. DMI has an authorized capital of IDR 180 billion, while IDR 45 billion has been issued and fully paid. Talentlink Development Ltd owns 51%, and PT Dharma Polimetal Tbk holds 49% of the joint venture.