Indonesia Business Report 2018

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Discovery Reports

Panca Budi Group takes its plastic packaging from pasar to the rest of the world

PUBLISHED : Tuesday, 03 July, 2018, 12:09pm
UPDATED : Thursday, 05 July, 2018, 9:21am

Competitors were puzzled long ago when plastic packaging company Panca Budi Group began putting barcodes on its plastic bags when they were mostly used in packing wet and dry goods in Indonesia’s traditional markets or pasar. Today, Panca Budi produces hundreds of millions of bags monthly, with more than 7,000 items being supplied domestically and globally.

“Putting those barcodes and having all our supplies and inventory computerised mean that our customers never have to worry about shortage or quality inconsistency,” says Panca Budi president Djonny Taslim.

Taslim started as a general merchant distributing plastic bags made from polyethylene and polypropylene. His visionary and pioneering mind led Panca Budi to become the first company to put a brand on plastic packaging, and the first in the industry to obtain Halal certification, among other achievements.

Whether it is for packing spices, rice, sugar or cooking oil bought in small amounts, or for heavy-duty use, Panca Budi’s products come with the elasticity, transparency, density and heat resistance that suit every need there is in the market.

“Indonesia is poised for massive growth across industries – and we look forward to exciting times ahead with potential partners and investors”
Vicky Taslim, director, Panca Budi

“By market, we mean the whole spectrum – from the biggest supermarket and convenience store chains including Carrefour and Alfamart, right to the traditional wet and dry pasar, which remains to be the backbone of the Indonesian economy,” says Vicky Taslim, company director and Djonny’s son.

On the heels of its initial public offering in December, the company is thrilled to pursue new and growing opportunities. Among these are

e-commerce, where it eyes supplying security bags, and retail beverage packaging, where collation shrink film is replacing traditional boxes. Panca Budi is also eyeing to expand its geosynthetics business, targeting innovative applications of its materials in infrastructure and civil engineering solutions.

“Indonesia is poised for massive growth across industries – and we look forward to exciting times ahead with potential partners and investors,” Vicky Taslim says.