Investment in Asia Toolcraft acquires stake in Indonesian manufacturing company PT. YPTI
Back in 2021, the cooperation between Toolcraft from Germany and Yogya Presisi Teknikatama Industri (PT. YPTI) from Yogyakarta, Indonesia, was officially confirmed with a Memorandum of Understanding. Now Toolcraft is taking over a share in the Indonesian partner's company, thus creating a base for itself in the Asian region.
As the fourth most populous country in the world, Indonesia will be one of the largest economies in 2050, according to expert estimates. Toolcraft from Georgensgmünd in Middle Franconia has had a close relationship with this up-and-coming country for quite some time: With PT. YPTI from Indonesia, which was sealed two years ago with a Memorandum of Understanding. Since Toolcraft is continuously growing and also plans to further expand its activities on an international level, it has taken over 50 percent of the shares in PT. YPTI. In the course of the upcoming succession plans at PT. YPTI, it was the wish of the current management that Toolcraft supports and accompanies the next generation with its participation. In this way, the German partner wants to cooperate even more closely with Indonesia on its way to possibly becoming the fourth largest industrial nation in the world.
PT. YPTI was founded in 1999 and continuously expanded its machine park in machining in the first few years. From 2012 onwards, investments were made in injection moulding equipment, a 3D laser scanner for quality control and in its own mould construction. Thus PT. YPTI is already established in some technologies and is also certified for the production of precision components, assemblies and complete solutions for the aerospace industry in accordance with AS 9100. With the help of Toolcraft as a partner, the Indonesian company would like to benefit from the many years of experience of its German partner and now also take its first steps in additive manufacturing. Toolcraft also has advantages from this participation, in that PT. YPTI will act as an Asian base and thus as an extended arm for production in the Asian region.
“In this way, we avoid long and cost-intensive transport routes. This not only saves time, but also resources and pays off in terms of sustainability,” says Christoph Hauck, Chief Technology and Sales Officer at Toolcraft. In addition to his role at Toolcraft, Hauck joins the technical management team at PT. YPTI. Bernd Krebs and Marc Volkhardt, founder and Chairman of the Supervisory Board and Chief Financial Officer at Toolcraft respectively, have also taken on additional roles on the Indonesian company's Supervisory Board. “We are aiming for a vibrant partnership from which both sides will benefit," adds Christoph Hauck. "This participation is a new chapter in our company's history to increase competence and competitiveness, expand the market and become a company that can offer the best solutions to its customers," adds Petrus Tedja Hapsoro, Director of PT. YPTI, concludes.