{"id":1676,"date":"2021-05-15T05:19:08","date_gmt":"2021-05-15T05:19:08","guid":{"rendered":"https:\/\/inocycle.com\/?p=1676"},"modified":"2021-05-20T04:06:22","modified_gmt":"2021-05-20T04:06:22","slug":"mirae-asset-recycling-pioneer","status":"publish","type":"post","link":"https:\/\/inocycle.com\/en\/mirae-asset-recycling-pioneer\/","title":{"rendered":"Mirae Asset - Recycling pioneer"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"1676\" class=\"elementor elementor-1676\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0013be3 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"0013be3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f0ecf8a\" data-id=\"f0ecf8a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f446c43 elementor-widget elementor-widget-text-editor\" data-id=\"f446c43\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: justify\">We visited Inocycle Technology Group (INOV \/ Not Rated), one of the pioneers among clean-tech companies in Indonesia with a market share of 50% in Re-PSF and non-woven under the parent company&#039;s domestic sales network. Going forward, INOV plans to enhance its raw material supply through Plasticpay. In 2018, INOV posted a strong net profit of IDR16bn, more than double the 2016 figure of IDR7bn. Currently, INOV is trading at 23.3x of trailing P \/ E. Strong network sales domestically, new opportunity globally Indonesia is the 4th largest contributor of plastic bottle consumption in the world. It is recorded that Indonesia used 4,82bn gallon of plastic in 2017. From all of the plastic waste that Indonesia uses, only less than 10% is recycled. Inocycle sees this as an opportunity to create value out of plastic waste. Under Hilon Group, Inocycle manages to distribute its Re-PSF through Hilon&#039;s domestic sales network, which enables Inocycle to have stable sales. On top of that, China banned the import of 32 types of waste material, including PET bottle waste and PET bottle flakes, in 2018, and has given Inocycle the opportunity to expand internationally.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03e85c7 elementor-widget elementor-widget-bridge_button\" data-id=\"03e85c7\" data-element_type=\"widget\" data-widget_type=\"bridge_button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<a  itemprop=\"url\" href=\"https:\/\/inocycle.com\/download\/Mirae-Asset-Sekuritas-Indonesia-INOV-site-visit-report-1.pdf\" target=\"_blank\"  class=\"qbutton  default\" style=\"\">Download<\/a>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>We visited Inocycle Technology Group (INOV\/Not Rated), one of the pioneers among clean-tech companies in Indonesia with a market share of 50% in Re-PSF and non-woven under the parent company\u2019s domestic sales network. Going forward, INOV plans to enhance its raw material supply through Plasticpay&#8230;.<\/p>","protected":false},"author":3,"featured_media":1677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mirae Asset \u2013 Recycling pioneer - Inocycle Technology Group Tbk<\/title>\n<meta name=\"description\" content=\"Inocycle Technology Group Tbk PT Inocycle Technology Group Tbk \u201cINOV\u201d adalah perusahaan teknologi bersih Indonesia yang berfokus pada pengelolaan daur ulang PET (Recycle) dan limbah plastik lainnya.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inocycle.com\/en\/mirae-asset-recycling-pioneer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mirae Asset \u2013 Recycling pioneer - Inocycle Technology Group Tbk\" \/>\n<meta property=\"og:description\" content=\"Inocycle Technology Group Tbk PT Inocycle Technology Group Tbk \u201cINOV\u201d adalah perusahaan teknologi bersih Indonesia yang berfokus pada pengelolaan daur ulang PET (Recycle) dan limbah plastik lainnya.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inocycle.com\/en\/mirae-asset-recycling-pioneer\/\" \/>\n<meta property=\"og:site_name\" content=\"Inocycle Technology Group Tbk\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocycle\/?_rdc=2&amp;amp%3bamp%3bamp%3bamp%3bamp%3bamp%3bamp%3bamp%3bamp%3b_rdr\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-15T05:19:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-20T04:06:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/inocycle.com\/wp-content\/uploads\/2021\/05\/mirae-asset.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"536\" \/>\n\t<meta property=\"og:image:height\" content=\"358\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"author inov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"author inov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/inocycle.com\/mirae-asset-recycling-pioneer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/inocycle.com\/mirae-asset-recycling-pioneer\/\"},\"author\":{\"name\":\"author inov\",\"@id\":\"https:\/\/inocycle.com\/#\/schema\/person\/a71eff2c1545553bb6f6b800b79bc3e6\"},\"headline\":\"Mirae Asset \u2013 Recycling pioneer\",\"datePublished\":\"2021-05-15T05:19:08+00:00\",\"dateModified\":\"2021-05-20T04:06:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/inocycle.com\/mirae-asset-recycling-pioneer\/\"},\"wordCount\":190,\"publisher\":{\"@id\":\"https:\/\/inocycle.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/inocycle.com\/mirae-asset-recycling-pioneer\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/inocycle.com\/wp-content\/uploads\/2021\/05\/mirae-asset.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/inocycle.com\/mirae-asset-recycling-pioneer\/\",\"url\":\"https:\/\/inocycle.com\/mirae-asset-recycling-pioneer\/\",\"name\":\"Mirae Asset \u2013 Recycling pioneer - 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