Domino Printing expands global reach with new Indonesian subsidiary
Cambridge coding & marking leader Domino Printing Sciences has opened a new subsidiary in Indonesia – tipped to become the world’s fourth largest economy by 2040.
Anchored in Jakarta, Domino Printing Indonesia will become the first global coding and marking provider to establish a direct presence in the Indonesian market.
Regional offices will be established in Bandung and Surabaya, with further plans to open subsequent offices across Sumatra, Java, and Sulawesi in the coming years.
The new subsidiary is a ‘one stop shop’ for complete coding and marking solutions for businesses of all sizes and within all key market sectors, including pharmaceuticals, building and construction and food and beverage.
The targeted headcount for Domino’s Indonesian operations is 85 for full year 2023, rising to 98 people the following year.
Shaun Chan, General Manager says: “Domino has a long history in Indonesia having worked with distribution partners in the country for the last 23 years. Our new subsidiary will retain all the Domino experience it has built up over this time and will include the talented professionals from incumbent distributors so 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 first 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, consumable and 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 and deliver the demand and service levels that customers expect.”
Indonesia is the fourth most populous country globally and projected to become the world’s fourth largest economy by 2040. The Indonesian coding and marking market is projected to grow nine per cent 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.
Matt Downing, British Chargé d’affaires to Indonesia and Timor-Leste, states: “We very much welcome Domino’s investment in Indonesia to provide innovative complete coding and marking solutions across a range of important sectors.
“The UK is a world leader in science and innovation, and we are keen to 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.”