- Business
- PT Garuda Metalindo Tbk (BOLT.JK) manufactures and sells precision fasteners and engineered components primarily for the automotive industry. The company offers bolts, nuts, screws, rivets, special components, pins, and collars used in engine, suspension, brake, frame and chassis, interior, power train, and other applications; it also produces fasteners for non-automotive sectors including heavy equipment, infrastructure, electronics, and furniture. Business segments comprise motorcycle parts, auto parts, and other industries, with products supplied to major OEM two-wheel and four-wheel automotive brands, multinational automotive component makers, electrical equipment, and home appliance manufacturers. PT Garuda Metalindo Tbk operates four plants in Jakarta, Tangerang, and Bekasi, Indonesia, and exports to markets across Asia, Europe, and the Americas. Founded in 1966 and headquartered in Jakarta Utara, Indonesia, the company is a subsidiary of PT Garuda Multi Investama and maintains affiliations with group entities such as PT Garuda Metalutama, PT Mega Pratama Ferindo, PT Indo Kida Plating, and Indonesian Tooling Technology. Recent developments include the completion of a 60% stake acquisition in PT Garuda Metalutama for approximately IDR 150 billion and the acquisition of 98% ownership in PT Indo Kida Plating for IDR 47 billion from its parent in June 2023, alongside plans for IDR 40 billion in 2025 capital expenditures funded internally for machinery upgrades and new equipment, and a targeted 50% export growth in 2024 amid subdued domestic demand.