- CEO
- Sasongko Basuki
- Full Time Employees
- 374
- Sector
- Process industries
- Industry
- Textiles
- Address
- Desa Jabaran Sidoarjo JI Indonesia 61263
- IPO Date
- Jan 10, 2024
- Business
- PT Multi Spunindo Jaya Tbk (MSJA.JK) manufactures and sells nonwoven materials on a business-to-business basis in Indonesia and internationally. The company produces polypropylene spunbond, polyester (PET) spunbond, polyethylene (PE) spunbond, bicomponent PET/PE spunbond, biodegradable spunbond, 3D embossed spunbond, meltblown, spunmelt, and ready-made nonwoven composite materials using technologies including spunbond, spunmelt, meltblown, and needlepunch; these products serve personal care and hygiene (diapers, sanitary napkins, feminine pads), medical (masks), agriculture and horticulture, geotextile, building and construction, automotive, household and furnishing, filtration, clothing and shoes, absorbent and wiping materials, packaging, miscellaneous applications, and FRP pipe industries. It also engages in plastic recycling and trading activities.
Founded in 1997 and headquartered in Desa Jabaran, Kecamatan Balongbendo, Krian, Sidoarjo, East Java, Indonesia, the company operates production facilities in the region and maintains local and export segments.
PT Multi Spunindo Jaya Tbk lists on the Indonesia Stock Exchange (IDX) in January 2024 through an initial public offering of 882.4 million shares priced at IDR 300, raising funds partly for debt repayment and working capital. In September 2025, PT Maju Selaras Jaya acquires approximately 9.93% of shares (338 million shares at IDR 332 each), strengthening ownership ties as the company remains a subsidiary of PT Maju Selaras Jayamerta. Subsidiaries include PT Maju Selaras Jayantara, PT Multi Spunindo Properti (real estate development), and PT Trias Spunindo Industri (polyester nonwoven geotextiles).