Mulia Industrindo Tbk

Brief of Company Background

The two subsidiries, each 70% owned by the company, are PT Muliakeramik Indahraya and PT Muliaglass. PT Muliakeramik Indahraya has a production capacity of 23,000 m2 of ceramic floor tiles daily, while production capacity at PT Muliaglass totals 500 tons of sheet glass and 230 tons of glasses and bottles daily. About 20% of the ceramic floor tiles and 30% of sheet glass, glasses and bottles are exported. The main raw material used in glass production is quartz sand, quarried in Belitung, clay and feldspar, quarried in Sukabumi while other materials are imported from the United States. The company was founded in 1986 under the name of PT Mulia Indoland. Before 1992, the company mainly operated as sole agent for Mulia Group office properties, such as Mulia Tower, Gedung BRI II, Mulia Center, Kuningan Plaza and BRI Tower Surabaya. On January 1996, the company launched tree years Floating Rate Notes at US$ 125 million, with bank of America, JP Morgan and Banker Trust as its underwriter. The company ?a member of the Mulia Group? will use the raised fund to finance its subsidiary that is PT Muliaglass.

Shareholder List

Management