Stemcell United Ltd. ( (AU:BP8) ) has provided an update.
Stemcell United Ltd.’s subsidiary, PT BPH Global Indonesia, has successfully registered and is operational, marking significant progress in its Indonesian seaweed operations. The company has secured a 550m² warehouse in Makassar, South Sulawesi, and operates onshore seaweed cultivation tanks in Takalar Regency, with plans to expand production. This strategic move positions the company to capitalize on Indonesia’s market leadership in seaweed production, offering cost efficiencies and alignment with sustainable aquaculture policies, thereby enhancing its industry positioning and operational capabilities.
More about Stemcell United Ltd.
Stemcell United Ltd. operates in the seaweed industry, focusing on the cultivation, purchase, and trading of seaweed. The company processes seaweed to produce value-added products such as bio-stimulants based on seaweed ingredients and biomass. It is strategically expanding operations in Indonesia, the world’s largest seaweed-producing market, leveraging competitive production costs and government incentives.
Current Market Cap: €1.06M
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