- Business
- PT Indonesia Fibreboard Industry Tbk (IFII) manufactures and sells wood-based panel products, including medium density fibreboard (MDF), high density fibreboard, low density fibreboard, high moisture resistant (HMR) MDF, plywood, plywood MDF, MDF laminate paper, MDF splitter, and veneer wood products. The company operates a 50-hectare production complex in Musi Banyuasin, South Sumatra, Indonesia, featuring facilities such as a main jetty, power plant, and glue plant; it serves markets in Indonesia, Japan, the Middle East, and internationally with export sales comprising over 80% of net revenue. Founded in 2007 and headquartered at Wisma ADR, 3rd Floor, Jl. Pluit Raya I No. 1, Penjaringan, North Jakarta, Indonesia, the company listed on the Indonesia Stock Exchange in December 2019 and forms part of the ADR Group of Companies as a subsidiary of PT Adrindo Intiperkasa. In 2024, IFII substantially reduced total debt from IDR 563 billion to IDR 345 billion while recording a 77.42% increase in net profit to IDR 179.02 billion, driven by 4.84% higher net sales of IDR 1.47 trillion and cost efficiencies; the company pursues ongoing expansion funded partly by IDR 650 billion in bank loans and maintains strategic shareholder ties including Japanese firms SMB Kenzai Co. Ltd. and NODA Corporation.