88SPARES PRESS RELEASE

88Spares strengthens management team and enters into strategic alliance with Melchers Group to build a digital marketplace for machine consumables in the textile industry

15/10/2019

Jakarta, October 15, 2019 ​– 88Spares aims to empower Indonesia and its people by bringing extra efficiency and effectiveness to the textile industry, one of the country’s oldest industries and, but a key driver of the sustainable growth and development of the nation’s future success to grow. The company envisions to be a change catalyst while serving as the digital marketplace supplying machine consumables for textile manufacturers and vendors supplying mainly machine consumables and maintenance services.

The company recently strengthened its management team and entered into a strategic partnership with the Melchers Group to accelerate its business development and bring even better services to its clients.

New management team:

  • Hitoshi Hiyama is appointed CEO as of 1st of October 2019; Hitoshi has wide range of general management and business development experience in emerging countries such as Indonesia and Sub-Saharan Africa. He previously worked in a management consulting firm, as EVP for a global SPA’s garment production entity in Indonesia, and also for a Japanese trading house.
  • Further, Gerard Lim has been appointed COO and Uung Bhuwono continues to serve as CTO.

Melchers Group:

  • The C. Melchers Group has become a majorn important shareholder and strategic partner of 88Spares.
  • The Melchers Group is a multinational trading and business, founded in 1806 in Germany and entered into the Asian market 150 years ago. The Melchers Group has a strong presence across Asia and employs over 1,700 people and manages over 50 companies globally.

“We believe better transparency and execution simplicity is the key to success for the Indonesian textile industry. We are enabling Indonesian textile producers to source their spare parts in better quality and at cheaper prices by connecting them directly to manufacturers around the world. We are enabling the Indonesian textile industry to become more lean and agile in their production”, says Hitoshi Hiyama, CEO of 88Spares.

Nicolas Helms, Managing Partner of the Melchers Group says, “We are excited to be partnering with 88Spares and supporting their innovative services to achieve a lasting impact in Indonesia and beyond. We believe 88Spares will significantly change the way textile producers in Indonesia source their products – starting with spare parts. 88Spares will become an invaluable part of the Indonesian textile production landscape.”

For more information, visit www.88spares.com , www.melchers.de

Media Contact: Gerard Lim

Email: Gerard@88spares.com

Phone: +62 812 1170 8837