PT Bakrie & Brothers Tbk. (“Company” or “BNBR”) continues to boost and accelerate business transformation to a green industry. This is done to support the Indonesian government’s program to reduce emissions while achieving net zero emissions by 2060 in accordance with the Paris Agreement.

“After previously BNBR entered the green energy industry by developing the electric vehicle ecosystem through its subsidiary PT VKTR Teknologi Mobilitas Tbk. (“VKTR”) and the new renewable energy (EBT) industry through its subsidiary PT Helio Synar Energi (“Helio”), today “Today, we are proud to announce that BNBR is starting to enter the environmentally friendly 3-dimensional construction industry through PT Modula Tiga Dimensi (“Modula”),” said BNBR Director & Chief Financial Officer (CFO) Roy Hendrajanto M. Sakti, at the soft launching event. Modula, in Bekasi, West Java, Tuesday (21/5/2024).

Roy Hendrajanto M. Sakti, who is also the President Commissioner of Modula, said that BNBR’s entry into the environmentally friendly 3D printing construction industry was marked by the launch of the BOD3 type 3D construction printing machine, whose technology has been widely used in Europe. In Indonesia, BNBR is a pioneer in using the most advanced technology in the 3D printing construction industry.

“Thank God, in Indonesia BNBR through Modula is a pioneer in the construction industry that uses 3D Construction Printing. We hope that this technology will be able to catch up with the housing backlog in Indonesia, especially in the building and housing construction segment, which is also in line with ESG principles,” said Roy.

PT Modula Tiga Dimensi, continued Roy, is a joint venture between BNBR and the leading 3D construction printer manufacturing company from Denmark, COBOD International. Roy is confident that this collaboration will be able to contribute significantly to the growth of the building and housing construction industry in the country with high efficiency through the application of environmentally friendly 3D construction printing.

“We see that the growth potential of this industry in Indonesia is very large. “This is a business opportunity that is worth exploring and developing,” explained Roy.

President Director of PT Modula Tiga Dimensi (Modula) Adi Bagus Tirto added that currently the housing market in Indonesia is still experiencing a supply shortage which will even last until 2030. Adi said that the need for livable houses in Indonesia reaches around 600-800 thousand units per year. However, the available supply is only 400-500 thousand units per year.

According to Adi, 40% of the entire household population in Indonesia experiences a housing backlog. He estimates that 30 million households in Indonesia will need adequate housing by 2030.

On the other hand, Adi continued, the world construction sector apparently contributed 37% or 1/3 of total global emissions. Of this amount, 25% of emissions are contributed by building materials (embodied emissions) and this figure will continue to rise to around 49% in 2030.

“By using 3D construction printing technology, it is hoped that we can reduce emissions from the construction sector, especially in Indonesia,” explained Adi.

Co-Founder & Head of Asia-Pacific COBOD International, Simon Klint Bergh, who is also the Director of PT Modula Tiga Dimensi, said that 3D construction printing technology focuses on solutions to the housing backlog problem by adhering to sustainable and environmentally friendly principles. This technology is able to build houses that are smarter, faster, sustainable and energy efficient.

“This technology reduces more than 50% of the time required for conventional house construction, saves 35% of labor, saves material residue disposal by up to 20% and has design flexibility and high precision capabilities. These are all real solutions for the world of construction in Indonesia,” explained Simon.

About PT Modula Tiga Dimensi

PT Modula Tiga Dimensi (“Modula”) is a joint venture between PT Bakrie & Brothers Tbk. (“BNBR”) and COBOD International. This company focuses on developing businesses in the construction industry with 3D Construction Printing (3DCP) technology in Indonesia. This company will carry out marketing and market development roles in Indonesia, and all business activities related to 3DCP technology.

About COBOD International

COBOD is one of the world’s leading providers of 3DCP, and has disrupted the technology of the global construction industry. The application of this technology results in a development process that is much more effective, faster, cheaper and of better quality.

This company built a building in Europe using 3-dimensional technology for the first time in 2017. Three-story buildings in Belgium and Germany have also been built using this technology, in addition to several buildings in Dubai and on the African continent.

COBOD has an open-source strategy, partnering with industry players, academic institutions and a worldwide network of suppliers with a number of investors and strategic partners such as GE Renewable Energy (United States), PERI (Germany), CEMEX (Mexico), Holcim (Switzerland) , Dar Al-Arkan (Saudi Arabia), L&T Construction (India), and JGC (Japan). Headquartered in Denmark, COBOD has a global presence including in North America and Latin America, Europe, the Middle East, Africa and Asia-Pacific.