Back in 2021, the cooperation between Toolcraft from Germany and Yogya Presisi Teknikatama Industri (PT. YPTI) from Yogyakarta, Indonesia, was officially confirmed with a Memorandum of Understanding. Now Toolcraft is taking over a share in the Indonesian partner's company, thus creating a base for itself in the Asian region.
The Industry Ministry has initiated a business meeting to help facilitate small and medium metal industries in establishing partnerships with large industries .
The Indonesian Industry Ministry brought 41 nationally assisted companies in the Metal, Machinery, Transportation Equipment, and Electronics (ILMATE) sector .