JAKARTA. This year, PT Pan Brothers Tbk (PBRX) will increase its production capacity using a capital expenditure fund of US$ 17 million.
Iswar Deni, Corporate Secretary of PBRX, said that the company would remain focus on implementing its expansion strategy this year. He explained that this year's expansion would be carried out by increasing production and modernizing production facilities. "PBRX continues to run according to plan," Deni said as quoted by Kontan on Thursday (11/4).
US$ 12 million of the CapEx budget will be used to modernize, automate and digitize production facilities. Meanwhile, US$ 5 million will be used to increase the company's production capacity.
This year, PBRX targets business growth of between 15% and 20%. This growth will be achieved by increasing sales by 10% to 20%. (KR/AR)