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Astra Agro Lestari's CPO production increased to 1.94 million tonnes in 2018

15 April 2019 01:45 PM  Company: PT. Astra Agro Lestari Tbk[AALI]
Rp. 10,325  +25 (0.24%)

JAKARTA. PT Astra Agro Lestari Tbk (AALI)'s Crude Palm Oil (CPO) production increased by 18.52% to 1.94 million tonnes in 2018, from 1.63 million tonnes in 2017.

Santosa, President Director of AALI, said that CPO production in 2019 would not change much from the previous year. He also explained there were no signs of increasing production in the first quarter of this year. Santosa said that the replanting target this year was also in the same range the previous year. "Replanting ranges from 6-8 thousand hectares per year," explained Santosa on (15/4) when met by idnfinancials.com.

To sustain its income this year, AALI also initiated business diversification in the beef cattle business line. In addition, the company will also add a number of cages for cattle farms in East Kalimantan and Sumatra.

Santosa said that CPO production this year will remain the main focus of AALI's business. Therefore, the company will start operating a palm oil processing plant in South Kalimantan. "Additional capacity is 45 tonnes per hour," Santosa said. (KR/AR)

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PT. Astra Agro Lestari Tbk [AALI]   Rp. 10,325   +25 (0.24%)