1960		Foundation of the company 1962 UD Logam Jawa establishment by Mr. Alim Husin as a modest aluminium kitchenware home industry, with eight employees.

	1970		Establishing the foundation of diversified consumer business 1971 Establishment of PT. Maspion, starting from aluminium cookwares and plasticwares. 1974 Starting to produce PVC pipes and its accessories. 1975 Expanded into Steel housewares and Electrical home appliances manufacturing business.

	1980		More consumer businesses joined the stream, coupled by strategic alliances and joint ventures, and quality certification 1980 Stainless steel kitchenware was being added in to the product lines. 1987 Producing Non Stick kitchenwares. Brand names include ‘Maxim’ and ‘Tivoli’. 1988 Starting to produce Enamel kitchenwares, ‘Panda’ brand name. 1989 Refrigerator manufacturing business was started through the subsidiary company PT. Maspion Elektronik. PE pipes, as part of PVC pipe product line extension, and Polyfoam as packaging materials, were also produced.

	1990		More consumer businesses joined the stream, coupled by strategic alliances and joint ventures, and quality certification 1990 Joint venture company to produce Fluorescent lamps, PT. TFC Maspion Indonesia, and starting to produce decorative ceiling fan through subsidiary company of PT. Alaskair Maspion. 1992 Try ply bottom stainless steel kitchenwares joined the stream. 1993 Evaporator as component of refrigerator was commercially produced. 1993 Air conditioners, with ‘Uchida’ brand name were produced, as well as cutlery products through subsidiary company, PT. Maspion Flatware. 1995 Washing Machine, with ‘Uchida’ brand name were produced. 1996 A new subsidiary engaged in glassware manufacturing business was established, PT. Ishizuka Maspion Indonesia, a joint venture with Ishizuka Glass of Japan. In addition to those, PT. Siam Maspion Polymers, a joint venture with Siam Cement Group, Thailand, was established to supply the raw materials requirement of PVC pipe manufacturing business. 1997 PT. Maspion Elektronik received ISO 9002:1994 certification. 1999 PT. Maxim Maspion, a subsidiary to produce copper clad stainless steel products was operated using built up plant of ‘Revere’ producer in United States.

	2000		Quality Improvement, Marketing network expansion, and other justifiable expansion 2000 Non Stick kitchenware division received ISO 9001 certification. 2002 PT. Alaskair Maspion received ISO 9001 certification. PT. Maspion Elektronik received ISO 9001:2000 certification. 2003 PT. Maspion Kencana received ISO 9001 certification.

	2003		PT. Maspion launched its 500 billion Rupiahs bond issuance in Surabaya Stock Exchange. The company entered the Surabaya Stock Exchange in July 2003 for its Bond issuance of Rp 500 billion in Indonesia in line with its projected improving business. Through this venture, the company has improved its liquidity and has more flexible financial structure. The bond is isted and traded on Surabaya Stock Exchange with fixed interest rate of 13.5%p.a The Maspion Bond I, Year 2003 will expiry on 8 July 2008, and has amortization schedule of Rp 100 billion on 8 July 2006, Rp 150 billion on 8 July 2007, and Rp 250 billion on 8 July 2008. Around Rp 250 billion of the bond is entirely used for refinancing program to lower the effective interest rate, and the rest is for working capital purposes. As of 31 March 2004, all funds have been fully utilized. Net gearing level of the company is around 90-100%. The bond is rated idA with stable outlook by Pefindo (Indonesia Rating Agent, in association with Standard and Poors). Prior due diligence meeting and Public Expose on this bond offering is launched on 27 May 2003, at Hilton Hotel, Jakarta, Indonesia.