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Indonesia boosts funding to expand local wood processing industry
Posted on June 7, 2024 |
The Ministry of Industry has set aside IDR 7.5 billion to upgrade machinery and equipment in the wood and furniture processing sectors.
The program aims to support at least 10 companies that need production equipment upgrades.
This initiative seeks to enhance the value chain for processed wood and furniture by leveraging technological advancements.
Since 2022, 24 companies in the wood and furniture processing industry have benefited from the program.
Participating companies have reported a 10-30% improvement in efficiency and product quality.
The program has also led to a 20-30% increase in overall company productivity.