What Integra Group does

PT. Integra Indocabinet Tbk (WOOD.JK), founded in 1989 and headquartered in Sidoarjo, East Java, is Indonesia's largest vertically integrated wooden products manufacturer, operating through eight subsidiaries spanning upstream forestry (PT. Narkata Rimba, PT. Belayan River Timber) to downstream furniture, building components, and decor manufacturing. The company controls an end-to-end production system anchored on FSC- and SVLK-certified forestry concessions, with installed capacity of 52,775 cbm/year (furniture) and 345,060 cbm/year (building components) as of 2022, following the 2021 acquisition of a 2.3-hectare Lumajang factory that adds a further 20% BC capacity. The vertically integrated model enables control over quality, time, and cost, with FSC/SVLK certifications serving as regulatory entry barriers to environmentally conscious markets.

Integra generates revenue through a B2B export-oriented model, with 81.6% of FY2020 revenue from exports (primarily the United States, which is the largest contributor) and 18.4% from domestic Indonesian sales. Core product streams include wooden furniture (knock-down, rattan, metal), building components (White Prime Moulding/Millwork, wooden blinds, plywood, floorbase), and a recently announced expansion into property development via a 2024 joint venture with PT Ciputra Cipta Cemerlang for ~1,600 residential/commercial units on a 30-hectare owned land parcel. Pricing is B2B quote-based, sales terms are primarily FOB shipping point with flexible incoterms (CnF, CIF, DDU, DDP) during supply disruptions, and management targets a 10-12% net profit margin. Customer concentration is anchored on a leading US building component distributor (representing ~50% of 2018 sales), with additional project-based revenue from the WIKA Algeria subsidized housing project (3,950 units).

Strategic positioning is reinforced by favorable US-China trade war dynamics: US buyers have shifted approximately USD 3.4 billion in furniture imports away from China toward Southeast Asia due to anti-dumping and anti-subsidy duties, with Indonesia accounting for 5.1% of US wooden furniture imports as of 2021 and Integra's furniture exports representing 14-15% of total Indonesian furniture exports to the US. The company is also positioned for carbon credit trading commencing in 2023 using its certified forestry concessions, and holds a constituent position in the IDX ESG Leaders Index (2nd-lowest ESG Risk Rating in 2021 per Sustainalytics).

Name

Integra Group

Legal name

PT. Integra Indocabinet Tbk

Website

https://integragroup-indonesia.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

PT. Integra Indocabinet Tbk (WOOD.JK) is Indonesia's largest vertically integrated wooden products manufacturer, producing furniture (52,775 cbm/year) and building components (345,060 cbm/year) from FSC/SVLK-certified forestry concessions for global B2B export markets, primarily the United States.

Ownership category

akta.pro rank

Product category

Wooden Furniture Manufacturing

NAICS

Wood Product Manufacturing (321), Timber Tract Operations (11311), Household and Institutional Furniture Manufacturing (33712)

SIC

Millwood, Veneer, Plywood, & Structural Wood Members (2430), Lumber & Wood Products (No Furniture) (2400), Forestry (800), Household Furniture (2510), Wholesale-Lumber, Plywood, Millwork & Wood Panels (5031)

akta.pro primary industry

Wood Remanufacturing (Mouldings, Millwork Blanks, Cut Stock) (IMAMABAI)

akta.pro secondary industries

Sawmilling & Lumber Production (IMADADAA), Timber Tract Operations & Forest Ownership (Timberland) (IMAMAAAA), Veneer & Specialty Wood Products Trading (IMAMAIAL)

Keywords

• Wooden furniture manufacturing
• Building components production
• Vertically integrated forestry
• Timber products export
• Furniture millwork supply

Headquarters

HQ city

Sidoarjo

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Revenue model

1. Furniture Products Export: Export sales of wooden furniture including knock-down furniture, rattan furniture, and metal furniture to international markets, primarily the US. Furniture segment contributes the majority of revenue with installed capacity of 52,775 cbm/year as of 2022, having expanded from 47,775 cbm/year in 2021.
2. Building Component Products Export: Export sales of building components including White Prime Moulding/Millwork, wooden blinds, plywood, and floorbase. Building component segment benefits from US anti-dumping and anti-subsidy duties on Chinese products. Installed capacity of 345,060 cbm/year as of 2022. A 2.3ha factory in Lumajang acquired in 2021 is expected to increase BC capacity by 20%.
3. Property Development: Strategic expansion into property development in collaboration with PT Ciputra Cipta Cemerlang. Development of approximately 1,600 residential, commercial, and mixed-use units on 30-hectare land owned by WOOD in Sidoarjo, East Java. Expected to provide an additional revenue stream over the next five years.
4. Carbon Credit Trading (Future): The company will begin conducting verified carbon unit measurement and issuance in 2022, with trading expected to commence in 2023. Utilizes forestry concessions and targets acquiring more concessions. Carbon credit trading is expected to have strong margins and improve cash flow for future expansion.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Integra Group is Indonesia's largest vertically integrated wooden products manufacturer, operating from upstream forestry concessions (FSC and SVLK-certified) through timber processing to downstream production of furniture and building components. The company manufactures and exports wooden furniture (knock-down, rattan, metal), White Prime Moulding/millwork, wooden blinds, plywood and floorbase, primarily serving B2B customers in the US and other international markets.

Product overview

Integra Group is a vertically integrated wood products manufacturer with a portfolio of interconnected businesses spanning from upstream forestry to downstream furniture manufacturing. The company operates through subsidiaries including PT. Narkata Rimba and PT. Belayan River Timber (forestry), PT. Integra Indocabinet (furniture manufacturing), PT. Interkraft and PT. Intertrend Utama (building components), PT. Woodone Integra Indonesia (joint venture with Japan), and PT. Integriya Dekorindo (decorative products). Core products include wooden furniture (capacity 52,775 cbm/year) and building components/millwork (capacity 345,060 cbm/year), supplemented by plywood, rattan furniture, wooden blinds, and metal furniture. The company recently expanded into property development through a green housing project in partnership with Ciputra.

Differentiator

Problem solved

Functional benefit

Brands

• Thema Home: Retail furniture and home accessories store launched in 2016, located in Surabaya. Collaboration between PT. Inter Kayu Mandiri and Wood One International Limited.

Products and services

• Wooden Furniture Products Vertically integrated manufacturing of wooden furniture including residential, commercial, knock-down furniture, rattan furniture, and metal furniture. Installed capacity of 52,775 cbm/year as of 2022. Sold primarily to B2B export buyers with the US as the largest market.
• Building Components (Millwork) Millwork products including White Prime Moulding, mouldings, wooden blinds, plywood, and floorbase supplied primarily to US building materials distributors and retailers. Installed capacity of 345,060 cbm/year as of 2022. Benefits from US anti-dumping and anti-subsidy duties on Chinese competitors.
• Thema Home Retail Showroom Retail furniture and home accessories store located in Surabaya with a 4,000 sqm showroom featuring Living, Dining, Bedroom, Commercial and Accessories collections. Operated under PT Woodone Integra Indonesia joint venture with Wood One International Limited (Japan).
• Green Housing Property Development Strategic expansion into property development with approximately 1,600 residential, commercial, and mixed-use units on 30-hectare land in Sidoarjo, East Java, developed in collaboration with PT Ciputra Cipta Cemerlang (subsidiary of PT Ciputra Development Tbk). WOOD contributes global-standard furniture and building component production expertise.

Quantifiable outcome

• 2021FY net sales reached approximately IDR 5.50 trillion, growing 89% YoY above the company's target of 50% YoY growth
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• PT Ciputra Cipta Cemerlang (indirect subsidiary of PT Ciputra Development Tbk)coreStrategic or Co-development Partner · 1 December 2024Strategic joint venture for green-concept property development. WOOD's 30-hectare land in Sidoarjo, East Java will be developed into approximately 1,600 residential, commercial, and mixed-use units. WOOD contributes global-standard furniture and building component production expertise; PT Ciputra Cipta Cemerlang contributes property development capabilities. Expected to generate additional revenue stream for WOOD over the next five years.
• PT Wijaya Karya Tbk (WIKA)coreStrategic or Co-development Partner · 27 March 2019MOU signed March 27, 2019 for furniture procurement supporting the Aljazair subsidized housing project in Algeria, North Africa. WIKA obtained financing from Indonesia Eximbank. Project involves development of 1,700 units of subsidized housing in Baraki and El-Harrach, and 2,250 units in Ain Defna and Khemis Miliana. WOOD to supply furniture for the project, representing a project-based revenue stream.
• Wood One International Limited (Hong Kong, subsidiary of Wood One Company Limited, Japan)minorStrategic or Co-development PartnerCollaboration through PT Inter Kayu Mandiri for the launch of PT Woodone Integra Indonesia, the 7th subsidiary of Integra Group, launched May 26, 2016. Thema Home retail stores are a product of this collaboration, combining Japanese and Indonesian business culture.
• Leading US Building Component Distributor and RetailercoreChannel Partner/ Reseller/ DistributorMOU signed December 2018 with a leading US-based building component product distributor and retailer. WOOD to supply White Prime Moulding/Gesso products starting around 2Q19. Expected to reach full capacity of 250 containers per month, representing nearly 50% of 2018 sales. Benefiting from US-China trade war as China-based products became less competitive due to import tariffs.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Boise Cascade Company: US-based manufacturer of engineered wood products and building materials, including plywood and lumber. Comparable as a wood products manufacturer selling into US residential and commercial construction channels similar to Integra's BC and plywood lines.
• Louisiana-Pacific Corporation: US-based manufacturer of building products including siding, OSB, and engineered wood components. Comparable as a building components/millwork supplier serving US residential construction with similar end-market exposure to Integra's BC segment.
• Weyerhaeuser: One of the world's largest private owners of timberlands and a major manufacturer of wood products. Comparable as a vertically integrated forestry-to-wood-products operator with significant US market exposure, though materially larger and more diversified than Integra.
• Potlatch Deltic Corporation: US timberland REIT with wood products manufacturing operations including lumber, plywood, and particleboard. Comparable as a timberland owner with vertically integrated wood products manufacturing serving US markets.
• JELD-WEN Holding: Global manufacturer of doors, windows, and millwork products. Comparable as a millwork/building components supplier selling into US residential construction with overlapping channel customers to Integra's BC business.
• West Fraser Timber Co. Ltd. Major North American lumber, OSB, and wood panels producer. Comparable as a large-scale wood products manufacturer with similar upstream-downstream orientation and exposure to US housing/construction demand cycles.

Regional players

• PT Sumalindo Lestari Jaya Tbk: Indonesian timber and wood products manufacturer with concessions, sawmills, and panel production. Comparable as a domestic Indonesian peer operating upstream forestry through downstream wood products manufacturing.
• PT Dharma Satya Nusantara Tbk: Indonesian vertically integrated wood products company with timber concessions and panel/manufacturing operations. Directly comparable as an Indonesian peer in the same forestry-to-wood-products value chain competing for the same export markets.

Direct peers

• UFP Industries: US-based manufacturer and distributor of building components, millwork, and engineered wood products. Highly comparable to Integra's BC segment in product mix (mouldings, components) and in serving large US building products retailers and distributors.
• Wood One Co., Ltd. Japanese wood products company and Integra's joint venture partner in PT. Woodone Integra Indonesia. Directly comparable as a wood products manufacturer with similar product portfolio (millwork, building components, flooring) and JV history.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

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 Integra Group