Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
TBS Energi Utama to Acquire Singapore's Integrated Waste Management Services Provider, Sembcorp Environment Pte. Ltd.
  • Acquisition Expands TBS' Regional Waste Management Platform in Indonesia and Singapore, aligning with its TBS2030 target.
  • TBS is committed to ensuring SembEnviro's high standards of service.
JAKARTA, INDONESIA - Media OutReach Newswire - 8 November 2024 - PT TBS Energi Utama Tbk. (“TBS”), through its subsidiary, SBT Investment 2 Pte. Ltd. (“SBT Investment”), is pleased to announce the signing of Share Purchase Agreement with Sembcorp Industries Ltd. (“Sembcorp”) to acquire 100% stake in Sembcorp Environment Pte. Ltd. (“SembEnviro”). This strategic transaction builds on TBS' expansion efforts, following the 2023 acquisitions of Asia Medical Enviro Services Pte Ltd in Singapore and ARAH Environmental group in Indonesia, reinforcing its position in the regional waste management and environmental solutions sector. TBS has an ongoing commitment to transition into green and sustainable business in alignment with TBS2030 target.

SembEnviro, together with its subsidiaries, is an integrated waste management services provider involved in the processing, collection and recycling of industrial, commercial and municipal solid waste. With this acquisition, TBS is moving forward in its vision to establish a regionally integrated waste management platform with presence in Indonesia and Singapore across medical, industrial and domestic waste management, fostering sustainable waste solutions for both cities and industries.

Pandu Sjahrir, Co-CEO of TBS, expressed confidence in the acquisition, stating, “We are pleased to acquire a business from such a reputable organization known for its operational excellence. SembEnviro's track record in waste management aligns seamlessly with our sustainability objectives. We are fully committed to ensuring that SembEnviro's high standards of service continue and are strengthened as we integrate our operations.”

Lim Hwee Hua, Director of SBT Investment, echoed this sentiment, adding, “This acquisition marks a significant milestone in expanding our sustainable waste management footprint in Singapore, following TBS acquisition of Asia Medical Enviro Services in 2023. We are committed to building on SembEnviro's strong foundation and reputation, delivering waste management solutions that adapt to the evolving needs of Singapore's communities and industries”.

TBS looks forward to working alongside Sembcorp to ensure a smooth transition following the completion of the transaction.

Hashtag: #TBSEnergy #Energy #Corporate

The issuer is solely responsible for the content of this announcement.

About TBS

PT TBS Energi Utama Tbk (IDX: TOBA) is a publicly listed integrated energy company leading the transition in Indonesia's energy sector through sustainable development. With a diverse business portfolio that includes coal mining and trading, power generation, plantations, electric vehicles, renewable energy, and waste management, TBS is dedicated to reducing its carbon footprint and promoting environmental sustainability from low-carbon growth. Operating across multiple sites in Singapore and Indonesia, including North Sulawesi, Gorontalo, East Kalimantan, Batam, Lampung and Central Java, TBS employs over 2,000 people who are integral to its mission of sustainable growth and innovation. The company's strategic focus Towards a Better Society 2030 (TBS2030) emphasizes its commitment to achieving carbon neutrality by 2030, in alignment with Indonesia's Net Zero Carbon 2060 goals. Through continuous innovation and a commitment to responsible growth, TBS aims to create a positive impact on communities and contribute to a greener, more sustainable future.

For more information about our green business journey, visit www.tbsenergi.com

TBS Energi Utama

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Saturday, November 9, 2024  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Own Your Valentine's Look With Catrice: Flawless Brows & A Blush That Speaks Love [56933-Views]
SHEGLAM X Hello Kitty Returns for Valentine's Day with an Even Sweeter and Dreamier 2.0 Co... [55715-Views]
Host with Heart: REDTAG's Ramadan Home Collection Elevates Every Gathering [37134-Views]
Under the Patronage of Prince Khalid Al-Faisal, Governor of Makkah Region Experts from the... [35830-Views]
Rybakina edges out jabeur in three-set classic at mubadala abu dhabi open [17556-Views]
Hafeet Rail Awards Three Strategic Contracts and Secures a Landmark Agreement to Advance O... [16076-Views]
Hotpack launches CEO Excellence Awards to recognise outstanding employee performance [15190-Views]
ADNOC distribution reports record EBITDA for FY2024 and accelerates operational growth [13255-Views]
Panasonic and Beamcast join forces to accelerate broadcast innovation in Qatar [12136-Views]
Zayed Sustainability Prize Opens Global Call for Transformative Solutions [9414-Views]
Emirates and Air Peace sign interline agreement, expanding travel choices to 13 cities in ... [9381-Views]
João Almeida battles towards podium as Volta Valenciana heats up [9155-Views]
Manchester City Abu Dhabi Cup returns as more than 2,500 young players from around the wor... [9028-Views]
Ajmal Perfumes Introduces The Untold Stories: A Landmark Collection of Five Exquisite Frag... [8659-Views]
Abu Dhabi Fund for Development strengthens global partnerships and sustainability at World... [8540-Views]
IHG Hotels at Dubai Festival City Unveils Exclusive Culinary Delights, Staycation Packages... [6863-Views]
AD Ports Group Reports Another Year of Record Results in 2024 with 69% YoY Growth in EBITD... [6724-Views]
Etihad Rail Announces Winners of Global Rail Innovation Award [6560-Views]
Gargash Mercedes-Benz Service Center in Deira Embarks on a New Era of Excellence, Innovati... [6392-Views]
Under the patronage of Khaled bin Mohamed bin Zayed, Department of Government Enablement l... [6347-Views]
UAE and Portugal explore ways to enhance cooperation in civil aviation, tourism, clean ene... [6261-Views]
Pogačar and UAE Team Emirates-XRG Set Sights on Victory at Home Race [6064-Views]
João Almeida finishes runner-up at Volta Valenciana [5920-Views]
Human Fraternity Ambassadors Gather to Discuss Peaceful Coexistence at the Zayed Award for... [5699-Views]
Bader Al Ghaith: The Emirati Entrepreneur Driving NO-VA's Success [5449-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories