DNP and Wahyu Kartumasindo International Establish Smart Card Personalization Joint Venture "PT. Wahyu DNP Bureau"
To launch IC Cash Card Personalization Service in Indonesia
Mar 02, 2016
Dai Nippon Printing Co., Ltd. (DNP) will establish a joint venture company,PT. Wahyu DNP Bureau, with the largest Indonesian card manufacture, Wahyu KartumasindoInternational (WKI). PT. Wahyu DNP Bureau will provide smart card personalizationservices to the Indonesian market.
[Background]
DNP, well known as the largest card manufacture in Japan, has led smart cardindustry providing smart cards and related solution services to finance, tele-communications,logistics, public transportation, and variety of industries in Japan. In Indonesiasmart cards has recently become commonly used in major banks and public transportationsystems, which generates more needs for smart card personalization in highlysecured environment due to handling personal privacy information. DNP viewsIndonesia as future promising market and entered into the strategic alliancewith WKI, to establish a joint venture of smart card personalization servicebureau. The joint venture company will leverage DNP's outstanding technologiesenhanced by its long time smart card business experiences and WKI's leadingsales network and domestic card manufacturing capabilities in Indonesia. DNPwill expand card business contributed by the addition of its smart card personalizationcapabilities in Indonesia.
[Joint Venture Summary]
Company name | PT. Wahyu DNP Bureau |
| Paid-in capital | US$ 2.0mln (Unlisted) (Ownership stake : DNP 45%, WKI 55%) |
| Head Office | Jalan Beringin Blok F12 No. 3. Delta Silicon II, Lippo Cikarang,Bekasi 17550, Indonesia |
| Directors | CEO : Ruddy Hartanto (WKI), Director : Jun Nakagaki (DNP) Commissioners : Henny Widjaja (WKI), Norihiko Murata (DNP) |
| Establishment | March, 2016 |
| Business contents | Smart card personalization business for domestic Indonesian market. |
[WKI Summary]
Company name | PT. Wahyu Kartumasindo International |
| Paid-in capital | IDR 10,100 mln (Approximately JPY 100 mln) (Unlisted) |
| Head Office | Jalan Beringin Blok F12 No. 3. Delta Silicon II, Lippo Cikarang,Bekasi 17550, Indonesia |
| Plant | Cikarang plant (Indonesia) |
| Representative | Ruddy Hartanto |
| Establishment | 1991 |
| Business contents | Manufacturing and marketing of cards and SIMs (VISA, MasterCard certified plant) |
[DNP Smart Card Activities in South East Asia]
Smart card market has been rapidly growing in the South East Asian region,especially in finance, tele-communications and public transportation. In March2014, DNP had entered into the agreement of partial ownership with MK SmartJoint Stock Company, the largest card manufacturer in Vietnam. DNP is and willbe fully committed providing competitive capabilities to customers in SouthEast Asia though the strategic alliance with the partners. The addition of PT.Wahyu DNP Bureau to DNP's South East Asia strategic alliance group will boostup its capabilities to the industry.
[Sales Forecasts]
DNP aims for total sales of 2.0 billion yen by FY 2020 from smart cards andrelated services in the Indonesian region.
- Product prices, specification and service contents mentioned in this newsrelease are current as of the date of publication. They may be changed at anytime without notice.
