PT Well Harvest Winning Alumina Refinery is a foreign investment company in the form of a joint venture between private companies under the laws of Republic of Indonesia and a private company under the laws of the Republic of China. The Shareholders consist of China Hongqiao Group Co. Ltd, PT Cita Mineral Investindo Tbk (Harita Group), Winning Investment (HK) Company Limited, and Shandong Weiqiao Aluminium &Electricity ("WHW"), with investment value of USD 1.3 billion, whose realization’s value has reached USD 1.2 billion in December 2020.
As the first company in Indonesia and the largest in Southeast Asia to produce Smelter Grade Alumina (SGA), currently with the capacity of 1 (one) million tons per year and area of more than 1,000 hectares. The Company has a number of factory support facilities in the form of Steam Power Plant, special terminals for international standard loading and unloading activities, and employee housing complexes with a capacity of thousands people located in The Hamlet of Tengar River, Mekar Utama Village, Kendawangan District, Ketapang Regency, West Kalimantan Province ("Project").
Construction of the first phase of the Project officially began in July 2013 and production activities were fully operated in June 2016. The establishment of WHW is an important event in the history of economic development and trading between the two countries, the Republic of China and the Republic of Indonesia, which is the result of the cooperation of WHW’s shareholders from both countries with the principle of mutual benefit. In 2020, the total production capacity of SGA reached 1 million tons with sales of USD 290 million.
The existence of WHW, in addition to contributing positively to the country's economic sector, it was also contributed to local economic development in West Kalimantan, by providing employment opportunities for the surrounding community. The absorption of labor with the presence of WHW is not small. As of February 2021, the Company has empowered a workforce of more than 3,050 people, of which 2,526 people or about 80% of the total employees are from West Kalimantan.
With such a variety of very positive contributions, whw has received great attention from the Governments of both countries, it is also one of the "National Strategic Projects" in accordance with the Presidential Regulation of the Republic of Indonesia.
This was symbolically given to WHW during the visit of The President of the People's Republic of China Mr. Xi Jinping and the President of the Republic of Indonesia Mr. Susilo Bambang Yudhoyono to witness the ceremonial signing of the cooperation project on October 3rd, 2013.
With a vision to become an SGA manufacturer with world-class operating standards, WHW is confident that it will provide added value for Indonesia with a long and sustainable business, developing high-competence local resources, prioritizing worker safety, environment and community empowerment. This is in accordance with the efforts and supports the concept of downstreaming mandated by the Government of Indonesia through Law No. 4 of 2009 on Mineral and Coal Mining as amended by Law No. 3 of 2020 on Amendments to Law No. 4 of 2009 concerning Mineral and Coal Mining.