Aspex Kumbong, PT was established on May 22, 1980 under the name NV Papier Fabriek Padalarang which is a branch of NV. Papier Fabriek Nijmegen in the Netherlands. This plant is the first paper mill in Indonesia.

The main products are paper taxable income securities. Of the three units of its engines, two of which are paper machine securities. Armed with the Minister of Finance Decree No.. S - 1334 / MK 013/1990 dated October 30, 1990 which states that the taxable income that are oligopolistic have the opportunity to compete on the world stage. Although Aspex Kumbong, PT not produce paper money, but Aspex Kumbong, PT has had the authority of the government of Indonesia to be able to produce paper securities and paper money.