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Ace Hardware to add 5 more outlets until the end of the year

09 November 2018 03:33 PM  Company: []
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JAKARTA - PT Ace Hardware Indonesia Tbk (ACES) continues to expand in various regions in Indonesia.

Ace Hardware's Corporate Secretary and VP Investor Relations Helen Tanzil said that currently there are 169 Ace Hardware outlets which include 163 regular stores and 6 ACE Xpress. "And there will still be an addition of around five stores until December 2018," Tanzil said quoted from Kontan.

Until the end of October, Ace Hardware has opened 20 new outlets. With the addition of 5 more outlets, Ace Hardware will have 174 outlets in total.

This year, Ace Hardware has allocated a capital expenditure of Rp 175 billion to expand new outlets. (LM)