Friday, February 23, 2024

Mayora prepares Capex of IDR2 trillion to develop wafer, biscuit factory

Reading Time: 2 minutes
Journalist IBP





Publicly listed food company PT Mayora Indah Tbk was optimistic that the company’s performance would continue to grow this year despite challenges from the ongoing COVID-19 pandemic.

Mayora’s General Director of Operations, Wardhana Atmadja, said the company has allocated Capex of IDR2 trillion in 2022 to develop its factories for wafers and biscuits.

Corporate Secretary Yuni Gunawan added that the funds would come both from the company and from loans.

From April 2021-April 2022, Mayora recorded an increase in sales from IDR9,764 billion in 2021 to IDR 10,368 billion in 2022. Its gross profit, however, declined by 22% from IDR2,860 billion in 2021 to IDR 2,232 billion in 2022. While its net profit also decreased by 44.2% from IDR807 billion in 2021 to IDR450 billion in 2022.

Just like many other businesses, Mayora has faced several obstacles in 2021, especially in worsening global economic situation due to the spread of new variants of COVID-19. This factor hampered the world economy recovery.

In addition, business competition has become tighter with the emergence of local producers and the flooding of imported food products. Supply instability and rising raw material prices added to the tough situation.

However, Gunawan was upbeat that gradual returning of public activities would help Mayora to perform better.

Director of Global Marketing, Ricky Afrianto, believed that the company’s products would be easily available in various segments.

“Don’t forget that Kopiko coffee candy contains real coffee. This is an opportunity for us that our coffee candy can be enjoyed anytime,” he said, citing its flagship product.

Kopiko stole the world’s attention after Tescla and SpaceX founder Elon Musk was captured holding a package of the coffee candy at his office during his meeting with Indonesian Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan.

Apart from Kopiko, Mayora – which was founded on February 17, 1977 – also produces biscuits known across Indonesia such as Energen, Malkist and Beng Beng.

Journalist IBP






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


President Director of State electricity company PT PLN, Darmawan Prasodjo, has suggested that hydrogen fuel cell vehicles as future transportation is much more efficient when compared to fuel-based, even electric vehicles.
Vale Indonesia, a subsidiary of Canadian company Vale, has denied the Indonesian government’s claim that Vale Indonesia and Indonesian state-owned mining holding company MIND ID had reached an agreement with the government on the price of divestment shares.
Pertamina Hulu Mahakam (PHM) has secured the final investment decision (FID) approval to proceed with the implementation of the more than US$ 300 million Offshore Field Development Project (OPLL-3B) in the Mahakam Block.
Vela Alpha, a drone developed by PT Dirgantara Indonesia or PTDI in collaboration with PT Vela Prima Nusantara, also known as Vela Aero, made its appearance at the Singapore Airshow 2024 aviation exhibition.
The Upstream Oil and Gas Regulatory Task Force (SKK Migas), along with Inpex Corporation, is still studying global liquefied natural gas (LNG) market projections to secure long-term gas sales contracts for the Masela Block.
Ministry of Energy and Mineral Resources (ESDM) is unveiling a promising prospect for sustainable energy development mainly in Papua’s hydropower and its potential export.