Acset Indonusa allocates capex up to Rp 150 billion in 2020
JAKARTA - PT Acset Indonusa Tbk (ACST) has prepared capital expenditure (capex) in the range of Rp 100 billion to Rp 150 billion this year. The majority of the capex will be allocated for the procurement of project equipment.
"Capex funding of Rp 100 billion to Rp 150 billion still comes from internal cash," said Maria Cesilia Hapsari, ACST's Corporate Secretary as quoted from Kontan.
Regarding the new contracts, ACST seeks to select new projects selectively and ensure the projects are in accordance with the capabilities and capacity of the company. In addition, ACST also continues to focus on development in the field of foundation and soil improvement. (LM)