JAKARTA - PT Siantar Top Tbk (STTP), the food and beverages company will allocate Rp 50 billion to optimize the idle capacity of its factories for production snack and biscuits. Last year, the company has an investment to optimize the factories for producer the coffee sachets and biscuits.
Based on the company's public expose sheets, the management stated to expand the subsidiaries in 2018, such as PT Siantar Megah Jaya. The plan expanding the subsidiaries will relate with increase the export market Middle East, Australia, and Africa. So far, the company's sales revenue from export 10% and domestic 90%.
Until the end of 2017, the management targets the sales revenue will increase 10% compared with the same period in 2016 was Rp 2.62 trillion. During the third quarter in 2017, the company's sales revenue booked Rp 2.09 trillion in the third quarter of 2017 or increased 9.16% compared with the same period in 2016 noted Rp 1.92 trillion.(LK)