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Cham Holdings explores cooperation opportunities in the Southeast Asian new energy market with Indonesia's Salim Group

Cham Holdings explores cooperation opportunities in the Southeast Asian new energy market with Indonesia's Salim Group

  • Company News

  • 2024-03-03

As Cham's bamboo large cylindrical batteries are on the verge of mass production, the CEO of Cham, after initial discussions with Salim Group at the end of last year, led a team to visit Salim China this week for further discussions with President Cheng Guang. Both sides explored the prospects of cooperation in the Southeast Asian new energy power market and ecological development, with a focus on contributing to the "Belt and Road" initiative.

Attending the meeting from Cham Holdings were CEO Xiong Li, Deputy General Manager Xie Dongsheng, and Xing Guoshuai from the Small Power Business Unit.

Salim Group, a diversified multinational enterprise group established in the 1940s, is Indonesia's largest conglomerate, with businesses spanning food production, automobile manufacturing, energy, building materials, chemicals, telecommunications and media, real estate, industrial park development, banking, and finance. Its investments cover various Southeast Asian countries including Indonesia, Singapore, the Philippines, as well as Australia, Hong Kong China, and other regions. It owns multiple listed companies globally, such as Hong Kong's First Pacific Company Ltd, Indonesia's PT Indofood Sukses Makmur Tbk, PT Indomobil Sukses Internasional Tbk, the Philippines' PLDT Inc., and Singapore's Indofood Agri Resources Ltd. With an annual turnover exceeding 50 billion USD, Salim Group employs over 300,000 people worldwide.

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