#Manufacturing
Selamat Sempurna targets Capex at IDR 150 billion to help raise sales by 10%
Automotive spare part producer PT Selamat Sempurna Tbk (SMSM) has set IDR 150 billion (around US$ 10 million) Capital expenditure (Capex) in 2023 for maintenance such as line balancing, engine rejuvenation and adding mould-die. It also targets an increase in sales to 10%.
Dharma Polimetal sets IDR 500 billion Capex for expansion
Automotive component company PT Dharma Polimetal Tbk (DRMA) has set its Capital expenditure (Capex) for 2023 at IDR 500 billion, which will be used to expand its subsidiaries.
AKR Corporindo sets IDR 250 billion Capex in 2023
Refined petroleum trading company PT AKR Corporindo Tbk (AKRA) has allocated IDR 250 billion in Capital expenditure (Capex) for 2023 to increase the company's profit growth.
Argha Arya Prima allocates IDR 80 billion Capex for equipment
PT Argha Karya Prima Industry Tbk (AKPI) sets its Capital expenditure (Capex) at IDR 80 billion to maintain machinery and production facilities for its plastic production.
Halal product industry in Indonesia: A brief background and its challenges
As 86.7% of the country's population is registered Muslim, the halal market trends in Indonesia tends to increase significantly, especially these past 10 years. The country is now known as the world's largest domestic halal economy market. The most potential halal products are food, beverages, Muslim clothing, cosmetics, and halal tourism, according to a professor at the Bogor Agricultural University (IPB)'s School of Argoindustrial Technology Khaswar Syamsu.
Golden Eagle Energy to raise coal production target with IDR 25 billion Capex
Mining company PT Golden Eagle Energy Tbk (SMMT) is optimistic to increase its coal production target by 15% to 20% in 2023, compared to the 2022's production, due to its IDR 25 billion capital expenditure (Capex).
Gunung Raja Paksi allocates IDR 328 billion Capex for 2023
Steel plates producer PT Gunung Raja Paksi Tbk (GGRP) has allocated IDR 328 billion of capital expenditure (Capex) for 2023. The company will use the Capex to support the production of high-quality steel.
Vale lowers its 2023 Capex to US$ 110 million
Nickel mining company PT Vale Indonesia Tbk will lower its capital expenditure (Capex) for 2023 by allocating US$ 110 million for mining development, heavy equipment replacement and Bahodopi smelter block 1.
Fajar Surya Wisesa projects US$ 20 million Capex for biogas facility
Packaging paper manufacturer PT Fajar Surya Wisesa Tbk has projected a US$ 20 million Capex for the construction of a new biogas facility for waste management and for maintenance.
Trisula Textile absorbs IDR 4 billion of Capex in September 2022
PT Trisula Textile Industries Tbk has only managed to absorb Capex worth IDR 4 billion from an allocation of IDR 16 billion in September 2022. The Capex was for machine restructuring and additional equipment.
Pupuk Kaltim set for IPO in 2023
The Ministry of State-Owned Enterprises has planned to launch an IPO for its fertilizer company PT Pupuk Kalimantan Timur (Pupuk Kaltim) in the first semester of 2023. The IPO proceeds will finance the construction of a urea plant with a production capacity of 1.15 million tons and 1 million tons of methanol per year.
Spindo to prepare IDR 250 billion of Capex for 2023 toward machine procurement
PT Steel Pipe Industry of Indonesia Tbk (Spindo) has prepared IDR 250 billion of Capex for 2023 for machine procurement and machine rejuvenation to reach its sales target of 500,000 by 2025.