PIC

What PIC does

PT Pelangi Indah Canindo (PIC), trading on the Indonesia Stock Exchange as PICO since its 1996 IPO, is an Indonesian industrial packaging manufacturer founded in 1983. The company produces a portfolio of metal and plastic packaging products, including steel drums (for lubricants, asphalt, and chemicals), plastic drums (for food and chemical industries), pail cans, metal printing services, LPG cylinders (including 3-kg units for the Indonesian government's gas conversion program), food cans, and battery jackets. Manufacturing relies on certified processes — ISO 9001, UN Marking, and Migration Test certifications cover plastic drum production and dangerous goods packaging — and runs across six production facilities located on Java in Jakarta, Tangerang (two plants), Cilacap, and Sidoarjo.

PIC operates a B2B direct-sales model, selling primarily to enterprise industrial customers in the lubricants, automotive, chemical, paints/coatings, and consumer (LPG) sectors; named customers include ENEOS, Honda, and Mitsubishi. Domestic distribution is direct to enterprise buyers in Indonesia, with exports running to Australia, Vietnam, and Bangladesh since 2000. Revenue mechanics are quote-based and negotiated per order rather than published pricing, and the company maintains organic brand presence across Facebook, Twitter, YouTube, and Instagram alongside a corporate website with direct inquiry forms. As a publicly listed Indonesian industrial issuer, PIC's growth is anchored by its multi-plant Java footprint, certification-based regulatory moat in hazardous and food-contact packaging, and long-cycle relationships with industrial enterprise customers.

Name

PIC

Legal name

PT Pelangi Indah Canindo Tbk

Website

https://pic.co.id

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

PT Pelangi Indah Canindo (PIC) is an Indonesian industrial packaging manufacturer, listed on the IDX (PICO) since 1996, producing steel drums, plastic drums, pail cans, LPG cylinders, and metal-printed containers for enterprise customers in the lubricants, chemical, automotive, and consumer sectors.

Ownership category

akta.pro rank

Product category

Industrial Packaging

NAICS

Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing (33243), Metal Can Manufacturing (332431), Other Plastics Product Manufacturing (32619), Other Metal Container Manufacturing (332439)

SIC

Metal Cans (3411), Metal Shipping Barrels, Drums, Kegs & Pails (3412)

akta.pro industry

PRIMARYIMALAAAG

Industrial & Chemical Rigid Plastic Packaging (Drums, Pails, Jerrycans)

Industrials, Manufacturing & Construction/Packaging & Containers/Rigid Plastic Packaging (Bottles, Jars, Tubs)

SECONDARYIMALADAE

Metal Pails & Paint Cans

Industrials, Manufacturing & Construction/Packaging & Containers/Metal Packaging (Cans, Aerosols, Drums)

SECONDARYIMALADAB

Food Cans (Steel/Tinplate)

Industrials, Manufacturing & Construction/Packaging & Containers/Metal Packaging (Cans, Aerosols, Drums)

Keywords

• Industrial metal packaging
• Steel drum manufacturing
• Plastic drum production
• Metal printing services
• LPG cylinder manufacturing

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Industrial Packaging Products: Revenue generated from manufacturing and selling industrial metal and plastic packaging products including steel drums, plastic drums, pail cans, metal printing services, and LPG cylinders to industrial and consumer markets

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PT Pelangi Indah Canindo (PIC) manufactures and sells metal and plastic industrial packaging products, including steel drums, plastic drums, pail cans, battery jackets, LPG cylinders, food cans, and metal printing services. The company serves both industrial customers (lubricants, chemicals, paints, coatings, adhesives) and consumer markets through six production facilities across Java, Indonesia.

Product overview

PT Pelangi Indah Canindo (PIC) is a leading Indonesian manufacturer of metal and plastic packaging solutions. The company offers a unified portfolio of packaging products including Steel Drums for industrial liquids and chemicals, Plastic Drums for flexible rigid packaging, Pail Cans for chemicals and paints, Metal Printing services, Battery Jackets, LPG Cylinders, and Food Cans. With six production facilities across Java, PIC serves both industrial and consumer sectors domestically and internationally. The products range from heavy-duty steel drums for lubricants and asphalt to versatile pail cans for adhesives and coatings, all supported by advanced metal printing technology for brand enhancement.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel Drum Durable steel packaging solution for industrial liquids and chemicals including lubricants, asphalt, and chemical products, recognized in both domestic and international markets as a flagship product.
• Plastic Drum Flexible rigid packaging solution available in wide-cap and small-cap models (FOH, Double Ring and Single Ring) with capacities ranging from smallest to largest, certified to international standards including ISO 9001, UN Marking, and Migration Test for food and chemical industries.
• Pail Can Versatile and durable packaging solution for both liquid and solid products, commonly used in chemicals, paints, coatings, and adhesives industries. Available in various sizes with secure sealing systems meeting international standards.
• Metal Printing High-quality metal printing services for packaging products including oil and lubricant cans, food and chemical containers, providing precision, vibrant and durable designs for premium product packaging.
• Battery Jacket High-quality battery jackets produced using modern metal printing technology to meet industrial needs with precision and excellence.
• LPG Cylinder LPG cylinder tanks including 3-kg cylinders produced to support Indonesia's gas conversion program, serving both industrial and consumer sectors.
• Food Cans Metal packaging products for food industry needs, part of the company's diverse product portfolio serving industrial and general consumer markets.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Lubricants Industry PartnerscoreOthersStrategic partnerships with lubricants industry customers including ENEOS, Honda, and Mitsubishi for steel drum supply. Company logo displayed in partnership section indicating ongoing business relationships.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Ardagh Group: Global packaging producer of metal cans and glass containers for food, beverage, and consumer products. Comparable as a broader incumbent spanning multiple packaging materials with overlap to PIC's food can and metal container lines.
• Sonoco Products Company: Diversified global packaging manufacturer serving industrial and consumer markets including metal and plastic containers. Adjacent comparable as a broader incumbent in industrial packaging with overlap in pail can and rigid container segments.
• Tetra Pak: Global food packaging and processing company with broad packaging solutions. Comparable as a broader incumbent in food and consumer packaging markets where PIC also operates via its food cans segment.

Direct peers

• Schütz GmbH & Co. KGaA: German manufacturer of industrial packaging including steel drums, plastic drums, and IBCs. Comparable to PIC in industrial drum production for chemicals and lubricants with global reach.
• BWAY Corporation: North American manufacturer of metal containers including paint cans, pails, and specialty metal packaging. Closely comparable to PIC's metal pail can offerings for paints, coatings, and adhesives industrial customers.
• Crown Holdings: Global metal packaging leader producing food cans, aerosol cans, and metal containers. Closely comparable to PIC in metal cans manufacturing, food can production, and metal packaging for consumer and industrial markets.
• Silgan Holdings: Leading manufacturer of metal containers, dispensing systems, and metal food cans. Comparable to PIC across metal food cans, metal pails, and industrial-style metal packaging for consumer goods.
• Ball Corporation: One of the world's largest manufacturers of metal packaging, primarily aluminum cans for beverages and food. Directly comparable to PIC in metal can manufacturing technology and food/consumer metal packaging end markets.
• Greif Inc: Global industrial packaging company producing steel drums, plastic drums, IBCs, and containerboard. Directly comparable to PIC's flagship steel drum and plastic drum products for lubricant and chemical customers.
• Mauser Packaging Solutions: Industrial packaging manufacturer specializing in steel drums, plastic drums, IBCs, and reconditioning. Closely comparable to PIC's industrial packaging portfolio targeting lubricant and chemical end markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pic.co.id
• Xtwitter.com/pic_co_id
• YouTubeyoutube.com/pic_co_id
• Instagraminstagram.com/pic_co_id

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PIC