The cooperation between toolcraft AG from Georgensgmünd in Middle Franconia, Germany and PT. YPTI (Yogya Presisi Teknikatama Industri) from Yogyakarta, Indonesia was officially confirmed with a memorandum of understanding back in 2021. toolcraft has now acquired shares in PT. YPTI, giving it a base in the Asian market.
Close cooperation with an emerging industrial nation
Indonesia is the fourth most populous country in the world and, according to experts, is tipped to become one of the largest global economies by 2050. Medium-sized company toolcraft has long-standing close links with this emerging country and its successful working relationship with PT. YPTI was cemented with a memorandum of understanding two years ago. Given toolcraft’s continuous growth and the ongoing expansion of its activities in both Germany and internationally, acquiring a 50% stake in PT. YPTI was the logical next step. As part of PT. YPTI’s upcoming succession planning, its current managers were keen for toolcraft to use its involvement with the company to support and assist the next generation as they steer PT. YPTI into the future. In doing so, toolcraft is looking forward to working more closely with Indonesia as the country continues along its path to potentially becoming the world’s fourth largest industrial nation.
Pooling common areas of expertise
After being founded in 1999, PT. YPTI initially focused on expanding its machining equipment. From 2012, it began investing in injection-moulding machines, a 3D laser scanner for quality control and its own mould-making facilities. This has paved the way for it to become well-established in several technologies. PT. YPTI is also an AS 9100-certified manufacturer of precision parts, assemblies and complete solutions for the aerospace industry. Through its partnership with toolcraft, PT. YPTI hopes to benefit from the German company’s many years of experience and to take steps towards providing additive manufacturing. toolcraft will also benefit from the partnership by using PT. YPTI as a base in the Asian market through which it can extend its production activities into the region. “This will allow us to avoid long and costly transport routes, saving both time and resources as well as helping us to operate more sustainably,” says Christoph Hauck, Chief Technology and Sales Officer at toolcraft. Alongside his current role at toolcraft, Hauck will join PT. YPTI’s technical management team. Bernd Krebs, founder and Chairman of the Supervisory Board of toolcraft, and Marc Volkhardt, Chief Financial Officer at toolcraft, have also joined PT. YPTI’s supervisory board. “Our aim is to build a vibrant partnership from which both sides will benefit,” adds Christoph Hauck. “This partnership marks a new chapter in our company’s history. Through it, we will extend our areas of competency, become more competitive, expand our foothold in the market and be in a position to offer our customers the best possible solutions,” concludes Petrus Tedja Hapsoro, Managing Director of PT. YPTI.
Close cooperation with an emerging industrial nation
Indonesia is the fourth most populous country in the world and, according to experts, is tipped to become one of the largest global economies by 2050. Medium-sized company toolcraft has long-standing close links with this emerging country and its successful working relationship with PT. YPTI was cemented with a memorandum of understanding two years ago. Given toolcraft’s continuous growth and the ongoing expansion of its activities in both Germany and internationally, acquiring a 50% stake in PT. YPTI was the logical next step. As part of PT. YPTI’s upcoming succession planning, its current managers were keen for toolcraft to use its involvement with the company to support and assist the next generation as they steer PT. YPTI into the future. In doing so, toolcraft is looking forward to working more closely with Indonesia as the country continues along its path to potentially becoming the world’s fourth largest industrial nation.
Pooling common areas of expertise
After being founded in 1999, PT. YPTI initially focused on expanding its machining equipment. From 2012, it began investing in injection-moulding machines, a 3D laser scanner for quality control and its own mould-making facilities. This has paved the way for it to become well-established in several technologies. PT. YPTI is also an AS 9100-certified manufacturer of precision parts, assemblies and complete solutions for the aerospace industry. Through its partnership with toolcraft, PT. YPTI hopes to benefit from the German company’s many years of experience and to take steps towards providing additive manufacturing. toolcraft will also benefit from the partnership by using PT. YPTI as a base in the Asian market through which it can extend its production activities into the region. “This will allow us to avoid long and costly transport routes, saving both time and resources as well as helping us to operate more sustainably,” says Christoph Hauck, Chief Technology and Sales Officer at toolcraft. Alongside his current role at toolcraft, Hauck will join PT. YPTI’s technical management team. Bernd Krebs, founder and Chairman of the Supervisory Board of toolcraft, and Marc Volkhardt, Chief Financial Officer at toolcraft, have also joined PT. YPTI’s supervisory board. “Our aim is to build a vibrant partnership from which both sides will benefit,” adds Christoph Hauck. “This partnership marks a new chapter in our company’s history. Through it, we will extend our areas of competency, become more competitive, expand our foothold in the market and be in a position to offer our customers the best possible solutions,” concludes Petrus Tedja Hapsoro, Managing Director of PT. YPTI.
