JAKARTA. PT Kalbe Farma Tbk (KLBF) has prepared a capital expenditure (CapEx) budget of Rp 1 trillion to complete a number of projects from its subsidiaries.
President Director of PT Kalbe Farma Tbk., Vidjongtius said his party only allocated Rp 1 trillion this year, lower than the budget last year of Rp 1.8 trillion. "There are a lot of projects that are nearly completed. This year, maybe only a few of them still uncompleted, so (the budget) is lower, a maximum of Rp 1 trillion, "said Vidjongtius last week.
Vidjongtius explained that the CapEx budget came from the company's internal cash.
The projects in question include the completion of the relocation of new factories from the subsidiaries of Bintang Toedjoe and Saka Farma to Cikarang, as well as the construction of warehouses for the subsidiaries of Enseval Putera Mega Trading and Global Chemindo Megatrading. (AM/AR)