Mulia Industrindo
PT Mulia Industrindo Tbk is an Indonesian publicly listed holding company whose subsidiary PT Muliaglass manufactures float glass, glass containers, glass blocks, and automotive safety glass for construction, food/beverage packaging, and automotive OEM customers across Indonesia.
- Company typePublic
- Founded1986
- HeadquartersBekasi, Indonesia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Mulia Industrindo does
PT Mulia Industrindo Tbk is an Indonesian publicly listed holding company (IDX: MLIA) founded in 1986 whose sole operating subsidiary, PT Muliaglass (established 1989), manufactures four categories of glass products — float glass, glass containers, glass blocks, and automotive safety glass — from a single integrated manufacturing estate in Cikarang, Bekasi. The company's products serve three end-markets: construction and architectural applications (plain, colored, and low-e float glass in 2–15mm thicknesses plus architectural glass blocks), food, beverage, and consumer goods packaging (transparent and colored container glass including mugs, cups, and 330ml stout bottles), and automotive OEMs and aftermarket (with installed automotive safety glass capacity of 120,000 car sets per year, established in October 1997). The company has undergone a deliberate focus on its core glass business, divesting its ceramics subsidiary (PT Muliakeramik Indahraya) to affiliated company PT Eka Gunatama Mandiri in October 2017 to strengthen its financial position.
The business operates a direct, sales-led B2B model with a Sales and Marketing Office in Jakarta (Atrium Mulia, H.R. Rasuna Said) serving enterprise buyers alongside factory-direct sales from the Cikarang estate. Revenue mechanics are pure hardware sales of manufactured glass; no software, services, or subscription revenue streams are disclosed. The company is publicly listed on the Indonesia Stock Exchange (formerly Jakarta Stock Exchange) since January 17, 1994, providing access to public capital markets and standard listed-company disclosure obligations. Customer testimonials reference "international quality" and after-sales service, though no large enterprise customer logos are disclosed. Marketing channels are limited to a corporate website, investor relations materials, sustainability newsletters, and an e-recruitment portal; no digital sales channels or marketplace presence exist.
The company's strategic posture is mature and concentrated: Indonesia-only operations, four product divisions unchanged in structure since 1997, a defensive 2017 divestiture to refocus on glass, and recent activity limited to internal training programs through Mulia Academy and sustainability reporting rather than capacity expansion, geographic expansion, or new product launches. Founder Eka Tjandranegara remains President and Director. Financial data shows declining revenue and sharply compressing EBITDA through 2025, with net income turning negative — indicating cyclical or structural pressure on the business.
Mulia Industrindo firmographics
Firmographics- Name
- Mulia Industrindo
- Legal name
- PT Mulia Industrindo Tbk
- Website
- https://muliaindustrindo.com
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PT Mulia Industrindo Tbk is an Indonesian publicly listed holding company whose subsidiary PT Muliaglass manufactures float glass, glass containers, glass blocks, and automotive safety glass for construction, food/beverage packaging, and automotive OEM customers across Indonesia.
- Ownership category
- akta.pro rank
Mulia Industrindo industry classification
Industry- Product category
- Glass Manufacturing
- NAICS
- Flat Glass Manufacturing (327211), Glass Container Manufacturing (327213), Glass and Glass Product Manufacturing (32721), Other Pressed and Blown Glass and Glassware Manufacturing (327212)
- SIC
- Glass Containers (3221), Flat Glass (3211), Glass & Glassware, Pressed Or Blown (3220)
- akta.pro primary industry
- Flat Glass (Float/Sheet/Plate) Manufacturing (IMADAHAA)
- akta.pro secondary industries
- Food & Beverage Glass Packaging (Beer, Wine, Spirits, Soft Drinks, Water) (IMALAEAA), Lightweight & High-Performance Glass Packaging (Reduced Weight, Strengthened) (IMALAEAG), Specialty & Decorative Glass Packaging (Custom Shapes, Embossed, Premium) (IMALAEAE)
Keywords
Where Mulia Industrindo is headquartered
LocationHeadquarters
- HQ city
- Bekasi
- HQ country
- Indonesia
- HQ region
- Asia
Offices2 records
Markets served
Mulia Industrindo business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Glass Manufacturing and Trading: PT Mulia Industrindo was established as a trading company for goods manufactured by its subsidiaries, primarily PT Muliaglass. The company manufactures and sells float glass, glass containers, glass blocks, and automotive safety glass. The company is listed on the Indonesia Stock Exchange (Jakarta Stock Exchange) under ticker code associated with the company, with share price publicly disclosed (IDR 240.00 as of June 26, 2026).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | No public pricing tiers available |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Mulia Industrindo product offering
Product offeringCore offering
PT Mulia Industrindo manufactures and sells glass products through its wholly-owned subsidiary PT Muliaglass, producing float glass (plain, colored, and low-E in 2–15 mm thickness), glass containers (mugs, cups, and transparent/colored packaging for food, beverages, and beer), glass blocks (architectural building material), and automotive safety glass (capacity of 120,000 car sets per year). The parent entity itself was established as a trading company for the goods manufactured by its subsidiaries.
Product overview
PT Mulia Industrindo Tbk is a leading glass manufacturer in the world operating as a holding/trading company for its subsidiary PT Muliaglass. The company offers four main product divisions: Float Glass (producing plain and colored float glass and low-e glass), Glass Container (producing mugs, cups, and container glass for food and beverages), Glass Block (architectural glass blocks for walls and floors), and Automotive Safety Glass (producing automotive safety glass with 120,000 car sets per year capacity). The company was established on November 5, 1986 and listed on the Jakarta Stock Exchange on January 17, 1994.
Differentiator
Problem solved
Functional benefit
Brands
- PT Muliaglass: Core operating subsidiary producing float glass, glass container, glass block, and automotive safety glass products.
Products and services
- Float Glass Produces plain and colored float glass (dark grey, dark blue, bronze, euro grey, light green, grey) and low-E glass in thicknesses of 2–15 millimeters, used in construction, architecture, and industrial glazing applications.
- Glass Container Produces mugs, cups, and transparent and colored container glass used as packaging for food, beverages, and beer. Featured products include the 330 ml Stout Bottle and Amber Bottle.
- Glass Block Produces architectural glass block products used as building materials for application on walls and floors. Featured product is the Bromo glass block (190 x 190 x 80/95 mm / 8 x 8 x 3 inch).
- Automotive Safety Glass Produces automotive safety glass for passenger vehicles, with installed production capacity of 120,000 car sets per year. Featured product includes the Back Door Window for vehicle rear door applications.
Quantifiable outcome
- Automotive Safety Glass Division — installed capacity of 120,000 car sets per year
Companies that use Mulia Industrindo
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Mulia Industrindo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Mulia Industrindo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PT Eka Gunatama MandiriminorIn October 2017, PT Mulia Industrindo sold all of its shares in PT Muliakeramik Indahraya to PT Eka Gunatama Mandiri, an affiliated company. This corporate action was undertaken to support the company's plan to improve and strengthen its financial position as a public listed company. Post-divestment, Mulia Industrindo operates only one subsidiary: PT Muliaglass.
Scale indicators5 records
Recent moves5 records
Mulia Industrindo competitors and assessment
Company assessmentDirect peers
- Asahimas Flat Glass: Indonesian float glass and mirror manufacturer listed on IDX; the most direct domestic competitor to Mulia's float glass division, serving overlapping construction and architectural customers in the same geography.
- Fuyao Glass Industry Group: Chinese automotive safety glass leader and major OEM supplier; the most direct comparable to Mulia's Automotive Safety Glass Division given similar OEM customer base and laminated/tempered glass capabilities.
- Xinyi Glass Holdings: Hong Kong-listed Chinese float glass, automotive glass, and solar glass producer; comparable as a large-scale diversified glass manufacturer with float glass as a core product, and a key regional competitor for float and architectural glass pricing.
- Kibing Group: Chinese float glass producer with significant Southeast Asian presence; comparable to Mulia's float glass division as a regional float glass competitor with similar commodity-grade product positioning.
Broad incumbents
- AGC Inc. (Asahi Glass): Japanese global glass manufacturer producing flat glass, automotive glass, and display glass; directly comparable to Mulia's float and automotive safety glass divisions as a major Asian glass incumbent.
- Saint-Gobain: French global building materials and glass giant; overlaps with Mulia across flat glass, glass containers, and architectural products but operates at vastly greater scale with a much broader product portfolio.
- Vitro (Vitro SAB de CV): Mexican glass manufacturer producing flat glass, automotive glass, and glass containers; comparable to Mulia's diversified glass product portfolio across construction, packaging, and automotive end markets.
- Şişecam: Turkish flat glass, container glass, and glassware manufacturer; comparable as a diversified multi-division glass producer with float, container, and architectural glass products competing in similar end markets.
- NSG Group (Nippon Sheet Glass): Japanese/UK-based flat and automotive glass producer (Pilkington owner); overlaps with Mulia's float glass and automotive safety glass businesses and serves similar global OEM and construction customers.
Regional players
- PT Surya Toto Indonesia: Indonesian-listed sanitary ware and bathroom products manufacturer; included as a regional Indonesian industrial peer of similar scale and listed-company profile, though operating in a different product category (ceramics/sanitary) versus Mulia's glass focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Mulia Industrindo social profiles
Digital presenceMulia Industrindo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mulia Industrindo leadership team
Management profileNumber of profiles
Profiles1 record
Mulia Industrindo subsidiaries and ownership
Company hierarchySubsidiaries2 records
Mulia Industrindo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mulia Industrindo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mulia Industrindo
What does Mulia Industrindo do?
PT Mulia Industrindo manufactures and sells glass products through its wholly-owned subsidiary PT Muliaglass, producing float glass (plain, colored, and low-E in 2–15 mm thickness), glass containers (mugs, cups, and transparent/colored packaging for food, beverages, and beer), glass blocks (architectural building material), and automotive safety glass (capacity of 120,000 car sets per year). The parent entity itself was established as a trading company for the goods manufactured by its subsidiaries.
Is Mulia Industrindo a public or private company?
Mulia Industrindo is a public company. It is classified as public and is currently operating.
When was Mulia Industrindo founded?
Mulia Industrindo was founded in 1986. It employs 5,001 to 10,000 people.
Where is Mulia Industrindo based?
Mulia Industrindo is headquartered in Bekasi, Indonesia, in the Asia region.
How does Mulia Industrindo make money?
One revenue line is on record: glass Manufacturing and Trading.
Who are Mulia Industrindo's main competitors?
Direct peers on record are Asahimas Flat Glass, Fuyao Glass Industry Group, Xinyi Glass Holdings and Kibing Group. Broad incumbents are AGC Inc. (Asahi Glass), Saint-Gobain, Vitro (Vitro SAB de CV), Şişecam and NSG Group (Nippon Sheet Glass). PT Surya Toto Indonesia is listed as a regional player.
Does Mulia Industrindo have an API?
No public API is recorded for Mulia Industrindo.
What industry is Mulia Industrindo in?
Mulia Industrindo's product category is Glass Manufacturing. Its primary akta.pro industry code is IMADAHAA, Flat Glass (Float/Sheet/Plate) Manufacturing, with a secondary code of IMALAEAA, Food & Beverage Glass Packaging (Beer, Wine, Spirits, Soft Drinks, Water). Its NAICS code is 327211 and its SIC code is 3221.