Domino Printing Sciences (Domino) announces the official opening of Domino Printing Indonesia, a new subsidiary dedicated to providing complete, closed-loop coding solutions for the archipelago of Indonesia.
With the opening of Domino Printing Indonesia, headquartered in Jakarta, Domino will become the first global coding and marking provider to establish a direct presence in the Indonesian market. The new subsidiary is a ‘one-stop-shop’ for complete, closed-loop coding solutions for businesses of all sizes and within all key market sectors – including pharmaceuticals, building and construction, and food and beverage.
Shaun Chan, General Manager, Domino Printing Indonesia, comments: “Domino has a long history in Indonesia, having worked with distribution partners in the country for the last 23 years. Domino Printing Indonesia will retain all the Domino experience it has built up over this time. One of the key strengths of the new subsidiary will be the successful integration of talented professionals from incumbent distributors – meaning that our customers in the region will continue to be served by their existing service engineers.”
The move will allow Domino to expand its capabilities, increase the value for customers in the region, and provide a step change in service-level provision with coding and marking technology, software, and integration available from a single provider for the rst time.
In addition, with growing interest from businesses worldwide in accessing products, services, and solutions as part of flexible contracts, rather than committing to capital expenditure, Domino Printing Indonesia will be able to offer:
-Product leasing contracts
-Consumables contracts
-Service contracts
Ben Rock, Strategic Development Director, Domino Printing Sciences, adds: “Being a resource-rich country, rather than exporting those valuable resources overseas, the Indonesian government is focused on adding value for the local market. With increased foreign direct investment, market demand for coding and marking will increase. Domino will now be well-placed to respond to this and keep up with the demand and service levels that customers expect.”
Indonesia is the 4th most populous country globally and is projected to become the world’s 4th largest economy globally by 2040. The Indonesian coding and marking market is projected to grow 9% annually, offering an opportunity for Domino to replicate the success seen in its other subsidiary markets in Asia, namely China, India, and South Korea, and bringing significant benefits in increased employment to Indonesia.
The new subsidiary will be headquartered in Jakarta, with regional offices in Bandung and Surabaya. The company plans to open subsequent offices across Sumatra, Java, and Sulawesi in the coming years.
Matt Downing, British Chargé d’affaires to Indonesia and Timor-Leste, states: “We very much welcome Domino’s investment in Indonesia to provide innovative closed-loop coding and marking solutions across a range of important sectors. The UK is a world leader in science and innovation, and we are keen work hand-in- hand with businesses such as Domino to foster inclusive and sustainable growth, as well as promoting technology-based research and development in Indonesia.”
