REPUBLIKA.CO.ID, JAKARTA - Ministry of State Owned Enterprises plans to merge two state owned survey companies, PT Superintending Company of Indonesia (Sucofindo) and PT Surveyor Indonesia. Currently, process of merger preparations has reached 90 percent since it started in March 2013 .

President Director of Sucofindo, Fahmi Sadiq said the merger aimed to increase scale and competitiveness of state owned enterprises in the field of inspection services, testing and certification, both in domestic and regional market.

"This merger will strengthen Indonesian role in international and regional trade chain," Sadiq said recently.

Indonesia will face ASEAN Economy Community (AEC) in 2015. Various foreign companies will be free to enter Indonesian market. The merger is expected to  control at least 70 to 80 percent market share in Indonesia. Sadiq hopes this corporate action can be completed in September 2013.

Sucofindo has established five strategic goals to succeed the merger process. One of them increases scale of business and strengthen company's organizational structure. Sucofindo will continue to develop kind of assurance services for both private and government customers, as well as develops points of services in several regions.

After the merger, Sucofindo will contribute net profit of 250 billion IDR for state revenue. Based on financial performance in July 2013, Sucofindo earned total revenue of 886.21 billion IDR or 87.6 percent of budget. Total revenues grew 16.2 percent compared to the same period in the last year. About 90 percent came from private sector. Company targets total revenue of two trillion IDR until the end of the year. 

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