Key news highlights:
- Mowilex won an Indonesia's
Best Managed Companies award from Deloitte for the third year in a
row.
- Just 1,300 companies worldwide are named to the Best Managed
Companies list, earning recognition for excellence in strategy,
innovation, culture and governance.
- In the past year, Mowilex received a fifth consecutive carbon
neutral certification and recorded new product and environmental
innovations.
JAKARTA, Indonesia,
Aug. 13, 2024 /PRNewswire/ -- An
innovative approach to strategy, culture and community impact
helped PT Mowilex Indonesia (Mowilex) earn a spot-on Deloitte's
Best Managed Companies in Indonesia list for the third year in a row.
The 2024 recognition puts Mowilex, a leading producer of premium
paints and coatings, in an exclusive network of just 1,300 global
brands to win this prestigious award.
How did Mowilex impress the independent judging panel that
evaluated the company's industry-leading performance, excellent
business practices and sustained growth?
"It all starts with our commitment to innovation, plus a focus
on environmental responsibility, ethics and building meaningful
connections with our communities, employees and stakeholders," says
Niko Safavi, CEO of PT Mowilex
Indonesia. "Mowilex takes a unique approach to corporate strategy,
culture and governance, and that's what helped us earn our third
annual award from Deloitte. We're proud to be recognised as a
market leader, and we continue working hard to be Indonesia's most trusted paint
brand."
Since winning its previous Deloitte award in 2023, Mowilex has
further expanded its environmental, social and governance (ESG)
initiatives. The company, which became Indonesia's first certified carbon neutral
manufacturer in 2019, earned a fifth consecutive carbon neutral
certification in late 2023. To do that, Mowilex continues investing
in projects that significantly increase the company's efficiency. A
new Cikande production plant inaugurated in 2023 conserves
resources through a zero-waste water system for domestic
wastewater, along with skylights and various smart technologies.
The updates reduced average monthly electricity use by 4.03%
compared to FY2022. Additionally, the ratio of electricity usage
per production output decreased by 3.47%. New solar panels at
the Mowilex headquarters cut that facility's carbon emissions by
22% in 2023, and the company recently completed its pledge to plant
50,000 mangrove trees that are increasing its positive
environmental impact across Indonesia. Mowilex also supports several
offset projects that advance United Nations Sustainable Development
Goals.
Mowilex earned a 2024 Top Brand Award for its strong brand
performance and customer loyalty in the Indonesian market. Frost
& Sullivan named Mowilex Indonesian Company of the Year in
2024, praising its eco-friendly products and resource-efficient
operations. Mowilex has also earned Green Label certification in
both Indonesia and Singapore, along with additional awards for
product innovation and continuous improvement. Company employees at
all levels enjoy inclusive learning opportunities, and Mowilex
supports its local communities with major donations of volunteer
time and products – including more than 7,650 donated litres of
paint in 2023 alone.
Mowilex representatives joined Deloitte executives to celebrate
the 2024 Indonesia's Best Managed Companies awards during an
August 8 ceremony at Jakarta's Grand Hyatt Hotel.
"The winners of Indonesia's
Best Managed Companies awards stand out for their innovation,
purpose-driven value creation, industry leadership, commitment to
sustainability, active talent engagement and customer-centric
mindset. Having witnessed the evolution of the winners through the
awards process, particularly for those who have participated over
recent years, it is remarkable to see how they have raised the bar
for success among private businesses in Indonesia," says How Kiat Chua, Best Managed
Companies leader, Deloitte Southeast Asia.
This year's Best Managed Companies, recognized by Deloitte
Private's flagship program, are located in 46 countries across the
Americas, Europe, and Asia Pacific, serving private clients of all
sizes.
Learn more about Mowilex products and ESG programs at
Mowilex.com.
About PT Mowilex Indonesia
PT Mowilex Indonesia (Mowilex), a subsidiary of Asia Coatings
Enterprises, Pte. Ltd., is a leading producer of premium paints and
coatings. Since launching the first Indonesian-made, water-based
paints in 1970, the company has expanded its commitment to
environmental ethics, equality, community and innovation. PT
Mowilex is Indonesia's only
certified carbon neutral manufacturer, producing zero and low VOC
paints in modern colours, and the company regularly wins awards for
its corporate social responsibility and sustainability
efforts.
media@mowilex.com
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