Bakrie and COBOD International Establish Joint Venture for 3D Construction Printing in Indonesia, Targeting Building and Housing Markets
Leading 3D construction printing technology supplier COBOD International A/S (“COBOD”) has entered into a Joint Venture agreement (JV) with PT Modula Sustainability Indonesia (“Modula”), a subsidiary of PT Bakrie & Brothers Tbk (BNBR). The JV partners will establish a dedicated Indonesian joint venture company aimed at developing the 3D construction printing business in Indonesia.
PT Bakrie & Brothers Tbk (BNBR) is one of Indonesia’s foremost corporations and Bakrie & Brothers is the first and lead company of the Bakrie Group, an 80-year old business group boarded a world-class corporate platform in Indonesia. The group controls and operates businesses in multiple industries. Modula Sustainability Indonesia is a subsidiary of BNBR, focusing on offering and providing solution for housing backlog problems currently encountered by the country.
Teaming up with COBOD, the company is now set to adopt the latest 3D construction printing (3DCP) technology and ready to offer the Indonesian market a new and better solution to the housing constructions.
The signing of the agreement was carried out in Jakarta, capital of Indonesia by the CEO of Modula, Indra Ginting and Co-Founder & Head of Asia-Pacific COBOD International, Simon Klint Bergh. At the signing event, director of PT Bakrie & Brothers Tbr, Roy Hendrajanto M. Sakti, said: “This agreement was made to forge the collaboration between Modula and COBOD with the aim to focus on developing business in the construction industry with 3DCP technology in Indonesia. Our joint-venture will carry out the role of sales, distribution and market development in Indonesia, and all business activities to build up the 3DCP technology,”
While COBOD has realized significant sales of its 3D construction printers in North and South America, Europe and Asia, COBOD has yet to deliver a printer to Indonesia. COBOD’s printers have already been applied in multiple countries around the world and have 3D printed the first one-, two- and three-story buildings in Europe and The Middle East, the first two-story buildings in the U.S., Canada, and India, and the first schools and houses in Africa. COBOD’s printers are also used in printing wind turbine towers and other industrial applications.
The new JV company to be established by the partners will be called PT Modula Tiga Dimensi, which in English would be like “Modular 3D dimension company”, reflecting the focus on 3D construction printers and the modular build of COBOD’s printers.
Mr. Roy continued: “New 3D print technology, especially that applied to building construction, is relatively new in the Indonesian market. Modula intends to become one of the pioneers and the leading provider of 3DCP technology in the country, especially in the building and housing construction segment. We see that the potential growth in the Indonesian market is very promising. This is an opportunity that should be explored and developed. The efficiency gained from the application of 3DCP in this industry is also very significant“.
Commenting on the signing, Simon Klint Bergh said: “We are proud to be partnering with the large Bakrie Group to bring our state-of-the-art 3DCP technology to Indonesia. This will help solidifying our position as the leading 3DCP technology provider in the world. Together with the Bakrie Group, we will have great opportunities to grow, and to demonstrate to the Indonesian market how our technology can be applied to build faster, better, cheaper, and more environmentally friendly.”
COBOD’s mission is to build smarter through multifunctional construction robots based on 3D printing technology and COBOD’s vision is to automate minimum 50% of construction processes on building sites.All leading to better, faster, cheaper, and more sustainable construction than conventional concrete. We constantly strive to reduce the co2 footprint of 3D printed concrete.
COBOD’s 3D printers made Europe’s first building in 2017. Subsequently our printers made the first 2- and 3-story buildings in Europe (Belgium & Germany), North America (US & Canada) and India. Also, the first 3D printed villa in Dubai and buildings in Africa have been done by COBOD 3D construction printers, just like the first wind turbine bases.
COBOD is privately owned by General Electric, CEMEX, Holcim and PERI as key shareholders, and our partners further include Dar Al Arkan (Saudi Arabia), L&T Construction (India), JGC (Japan), Siam Cement (Thailand) and Orascom Construction (Egypt).
COBOD is headquartered in Denmark with regional offices and competence centers in Florida and Malaysia. Our team consists of +100 passionate pioneers from 25 nationalities and through our installed base of printers, we have a truly global presence in North- and Latin America, Europe, the Middle East, Africa, and Asia-Pacific.