# PT Pelangi Indah Canindo to build fourth plant in Cikupa, Tangerang

PT Pelangi Indah Canindo (PICO) is set to realize its fourth factory in Cikupa, Tangerang, producing plastic drum packaging, with German machinery being installed, funded by about Rp 60 billion capex from loans and internal cash.

- Type: New facility
- Announced: 2018-03-26
- Where: Cikupa, Tangerang, Indonesia
- Value: $4.20M (60.0B IDR)
- Status: announced
- Products: plastic drum packaging, steel drums, pail cans, metal printing
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PT Pelangi Indah Canindo](https://endata.com/companies/3037.md)

## Sources

- [indopremier.com](https://www.indopremier.com/ipotnews/newsDetail.php?group_news=RESEARCHNEWS&halaman=1&jdl=PT_Pelangi_Indah_Canindo_Tbk_%28PICO%29_segera_merealisasikan_pabrik_keempatnya_di_Cikupa__Tangerang__&name=&news_date=&news_id=331838&q=Equity+Update&search=y_general&taging_subtype=IPS), 2018-03-26: "Pabrik tersebut rencananya akan memproduksi kemasan drum plastik dan masih dalam proses penyelesaian pembelian serta instalasi mesin dan mounding dari Jerman."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.