The CEO Magazine Asia — December 2017

MOTOR ING

AHEAD

Since taking the helm of Bosowa from his father, Sadikin

Aksa shows no signs of pressing the brakes anytime soon.

WORDS • ADRIAN FLORES

S

ince its founding in 1973 as an official dealer of Datsun automobiles,

Bosowa – named after the three Bugis kingdoms, Bone, Soppeng and

Wajo – broadened to five new industries over the next 47 years, with

interests in cement, mining and energy, financial services, property and

education. With Sadikin Aksa as President Director, the family-owned

empire is on the cusp of entering its third generation of ownership.

Cement continues to form the core part of Bosowa’s business, with the

company’s Maros and Batam factories accounting for a significant majority

• 65 per cent – of its revenue, and aims to control 10 per cent of Indonesia’s
  cement market within the next year. Most recently, in December 2016, it
  opened a new plant in Banyuwangi in East Java worth R800 billion.
  However, Sadikin hopes to build up the other businesses in order to lower
  that figure to around 30 per cent. Alongside the Banyuwangi plant, Bosowa
  opened a liquefied petroleum gas (LPG) terminal worth R787 billion. To help
  that along, the company is looking to broaden its investments in the mining
  sector even further, and is considering new ventures in coal, nickel and tin.
  The second of five children to founder and owner Aksa Mahmud, Sadikin was
  appointed to head Bosowa in 2015, eight years after eldest son, Erwin, succeeded
  their father in the post in 2007. Erwin now has a role in the company as
  president commissioner. »

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