#Manufacturing
Sampoerna Agro budgets IDR 400 billion for 2023 Capex
Oil palm and rubber plantation company PT Sampoerna Agro Tbk (SGRO) has budgeted IDR 400 billion (US$ 26.2 million) for its 2023 Capital expenditure (Capex) for plantation development and fixed asset maintenance.
I'm an insecure guy, I always want to be better: Pandu Sjahrir
Pandu Patria Sjahrir is the key-man, one of Asia's and Indonesia's most influential business leader. Currently, Pandu is the VP Director of PT TBS Energi Utama Tbk, Founding Partner of AC Ventures and Managing Partner of Indies Capital. Through this interview, Pandu has opened up to Indonesia Business Post on his ambition, his challenges in life and his perspective relating to Indonesia's biggest challenges.
Sawit Sumbermas budgets IDR 1 trillion Capex to prep up production increase
Palm oil company PT Sawit Sumbermas Sarana Tbk (SSMS) has allocated IDR 1 trillion (65.6 million) Capital expenditure (Capex) in 2023 for planting plants and has targeted a 15% production increase.
Greenlabs biochemical startup seeks more funding for RnD, production
Greenlabs, a startup in sustainable biochemicals with valuation of IDR 75 billion (US$ 5 million), aims to increase plant-based oil for economic value and the welfare of oil palm smallholders in the future. The company seeks more investors to support its research and development (RnD) and production.
Astra Otoparts budgets IDR 500 billion Capex for business expansion, EV components
Automotive component producer PT Astra Otoparts Tbk (AUTO) has budgeted IDR 500 billion (US$ 32.92 million) Capital expenditure (Capex) to facilitate its work in the new type of Original Equipment of Manufacturer (OEM), implementation of digitization and automation. The company will also expand its business to the electric vehicle (EV) components.
Cerestar sets IDR 300 billion Capex to increase production capacity
Wheat flour producer PT Cerestar Indonesia Tbk (TRGU) has set a Capital expenditure (Capex) in 2023 worth IDR 300 billion (US$ 19.7 million) to increase its production capacity and sales.
Alcohol bill hinders the rise of domestic wine industry
The wine industry in Indonesia has seen a rise since the termination of the monopoly of wine imports by the government despite an ongoing effort by the House of Representatives (DPR) to deliberate a controversial alcohol prohibition bill.
Indonesia-China high speed train project costs swell to IDR 131 trillion
Indonesia and China have reached an agreement on the cost overrun for the Jakarta-Bandung High Speed Train (KCJB) project of US$ 1.2 billion, or IDR 18.24 trillion, from the previous estimation of IDR 113 trillion to IDR 131 trillion.
Aman Agrindo budgets IDR 50 billion for a new factory in Banten
Sugar plantation company PT Aman Agrindo Tbk (GULA) is budgeting Capital expenditure (Capex) in 2023 for about IDR 40-50 billion (US$ 2.6-3.3 million) for the construction and establishment of a factory in Banten.
Impack allocates IDR 280 billion of Capex to build new factory
Building material provider PT Impack Pratama Industri Tbk (IMPC) has allocated IDR 280 billion (US$ 18.3 million) Capital expenditure (Capex) in 2023 for the construction and development of one of its factories at the Batang Integrated Industrial Estate (KITB) in Batang regency, Central Java.
Indocement sets IDR 1.2 trillion Capex for refused derived fuel facilities
Indonesia's second largest cement producer PT Indocement Tunggal Prakarsa Tbk (INTP) has prepared a IDR 1.2 trillion (US$ 79 million) Capital expenditure (Capex) for 2023. Most of the Capex will be used to finance factory leases and add the refused derived fuel (RDF) facilities.
Kalbe Farma allocates IDR 1 trillion to achieve 15% growth target
Privately owned pharmaceutical company PT Kalbe Farma Tbk (KLBF) has allocated IDR 1 trillion (US$ 65.9 million) Capital expenditure (Capex) to achieve revenue growth of 15% or IDR 33 trillion in 2023.