JAKARTA, Indonesia, Oct. 8, 2019 /PRNewswire/ -- PT Bukit Makmur Mandiri Utama (BUMA), one of Indonesia's top mining companies, has partnered with Plug and Play's global open innovation platform to drive innovation across its business units and leverage global high-potential startups as a framework to acquire best practices, technology innovation, and operational efficiency.
BUMA will utilize Plug and Play's global platform to engage with startups focusing on predictive maintenance, safety and health tech.
"As a mining company, we're seeking to engage with startup companies to build breaking ground technologies in mining services. Technology has always been part of our DNA and we're striving to be the most technologically advanced company in the business," said Mr. Ronald Sutardja, BUMA CEO.
Having technology in place is not merely about improving worker productivity or acquiring more accurate data, but it is also about improving safety conditions for BUMA's employees and improving employee's health. "Safety is one of our biggest priorities in BUMA. As we currently employ more than 13,000 people, we are continuously on the lookout for the latest technologies to improve the well-being and working conditions of our employees," said Mr. Eko Prihadi, Board of Director BUMA, at Plug and Play's APAC Summit in Singapore in May 2019.
"As a highly progressive company, innovation is the key to our operations. This partnership will give us access to the global startup ecosystem and allow us to work with the latest cutting-edge technologies to develop innovative business strategies in key focus areas".
Plug and Play's Supply Chain platform is the world's leading innovation consortium with strategic locations in Silicon Valley, Hamburg, Shanghai, and Singapore. Focusing on key areas of relevance, Plug and Play will identify and connect its partners with the latest technologies that will accelerate their innovation efforts. "We are very excited to have BUMA join us as our newest Supply Chain partner. Since the inception of the platform out of Silicon Valley in 2016, the vertical has amassed more than 35 industry-leading corporate partners including DHL, ExxonMobil, and ArcelorMittal," said Wesley Harjono, Managing Partner of GK-Plug and Play Indonesia. "Partnering with BUMA will help us drive technological advancements in key areas such as safety, wearables, and IoT in the mining industry."
"Plug and Play's presence in Singapore allows us to access a network that covers more than ten major cities in APAC, including Jakarta," said Jupe Tan, Managing Partner of Plug and Play Asia Pacific. "Our primary objective is to connect all stakeholders, corporations, high-potential startups, and investors across the various tech ecosystems in the region." Plug and Play will continue expanding its reach across the supply chain industry with more partners set to join its Asia Pacific Supply Chain platform from industries like mining, manufacturing, consumer goods, and logistics.
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Established in 1998, PT Bukit Makmur Mandiri Utama, also known as BUMA, is one of the largest coal mining contractors in Indonesia. BUMA was acquired by PT Delta Dunia Makmur Tbk in 2009, a public company listed on the Indonesia Stock Exchange (IDX) with the trade code DOID. Currently, 38% of DOID's shares are owned by Northstar Tambang Persada, Ltd., an investment consortium consisting of TPG Capital (TPG), the Government of Singapore Investment Corporation Pte. Ltd. (GIC), China Investment Corporation (CIC), and Northstar Equity Partners, whereas the remaining 62% is held by public shareholders.
BUMA carries out a comprehensive scope of work from overburden removal, coal mining, coal hauling as well as reclamation and land rehabilitation. BUMA's operations is supported by close to 14,000 employees and a solid and experienced management team as well as equipped with advanced technologies and over 5,000 units of heavy equipment in various sizes. It currently holds around 20% market share by providing coal mining services to some of the largest and longest-running names in the Indonesian coal industry and some new players with high potential for future growth.
About Plug and Play Asia Pacific:
At Plug and Play, our core objective is to catalyze technological advancement.
Over the past 13 years, we have built the largest innovation platform on the planet, bringing together startups, investors, and blue-chip corporations. We are now active in 25 locations globally, including U.S., China, France, Germany, The Netherlands, Singapore and Indonesia.
We are experts in facilitating meaningful introductions, investing in startups, and bringing together key stakeholders into one world-changing network.
Plug and Play's Asia Pacific headquarters is located in Singapore. Our Singapore office provides partners with horizontal access to our APAC markets. By providing high quality business development and launch support to program participants, our centralized location helps build a thriving ecosystem in Singapore and its surrounding areas.