PT Timah Industri is a direct subsidiary that is owned by the Company which engages in the downstream tin industry intending to increase added value Company’s located in the KIEC Cilegon area, Banten. The products produced by PT Timah Industri are tin solder and tin chemical. Tin chemical is the best heat stabilizer because it is beneficial for rolling, forming, and injecting hard moulded Poly Vinyl Chloride (PVC) moulding materials. This material is also used in the food packaging plastic industry and other hard Poly Vinyl Chloride (PVC) products for the plastic building material industry such as doors, plastic windows, water pipes and decoration materials. PT Timah Industri was established based on Notarial Deed Imas Fatimah, S.H., No. 74 dated June 18, 1998.
The authorized capital of PT Timah Industri in the amount of Rp700,000,000,000 consists of 700,000 shares with a face value of Rp1,000,000 per share. The composition of issued and fully paidin capital is as follows:
|Shareholders||Equity Capital (Rp)||Number of Shares (/lembar)||Ownership Percentage (%)|
|PT TIMAH Tbk||699,980,000,000||699,980||99.99|
|PT TImah Investari Mineral||20,000,000||20||0.01|
The Vision and Mission of PT Timah Industri are:
Vision : To be the leading tin downstream company in the world
1. Building competent human resources in tin downstream industries.
2. Strengthening competitiveness and value added in tin downstream products.
3. Boosting domestic tin downstream products uses.
The composition of the Board of Commissioners and Directors of PT Timah Industri are as follows :
|Name / Nama||Occupation/ Jabatan|
|Alwin Albar||President Commissioner / Komisaris Utama|
|Heri Nurzaman||Commissioner/ Komisaris|
|Johan B Nababan||President Director / Direktur Utama|
|Amin Haris Sugiarto||Director / Direktur|