PT Inocycle Technology Group Tbk
IIDX:INOV140.00
IDR
+3.00
(+2.19%)
PT Inocycle Technology Group Tbk
IDX:INOV
(Indonesia Stock Exchange)
Recent
price
140.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- PT Inocycle Technology Group Tbk (INOV.JK) is an Indonesia-based clean technology company that specializes in the processing and recycling of polyethylene terephthalate (PET) bottles and other plastic waste into recycled polyester staple fiber (Re-PSF); the company manufactures high-quality eco-friendly fibers including hollow conjugated fiber, solid fiber, and special function fibers such as anti-static, anti-bacterial, and flame-retardant variants; it also produces non-woven products like geotextiles for mining and construction, padding, high-density padding (HDP) for mattresses and sofas, and homeware items including pillows, dolls, bed covers, and sleeping bags. Founded in 2001 as PT Hilton Felt with its headquarters in Pasar Kemis Industrial Estate, Tangerang, Banten, the company operates five plants across Tangerang, Mojokerto, Karanganyar, Salatiga, and Palembang with a total capacity exceeding 37,000 tons annually; it serves industries such as automotive, construction, agriculture, infrastructure, clothing, furniture, and consumer goods primarily in the Indonesian market while meeting Global Recycled Standards (GRS) certification as the only such firm in Indonesia for recycled PET usage. In recent developments, Inocycle records a net profit of Rp48.33 billion in 2024 following a prior loss, driven by export sales growth of 25% and aggressive business diversification into new lines including recycled resin/chips production and assembly operations; the company expands production facilities, processes over 43,100 tonnes of plastic bottles annually, and qualifies for carbon credits amid sustainable initiatives like a new factory in Subang.