JAKARTA. PT Vale Indonesia Tbk (INCO) will allocate its capital expenditure (CapEx) budget this year for the maintenance of one of its furnaces in its production facilities.
Adi Susatio, Director of Finance and Control of INCO, said that in 2020 the company will prepare a larger CapEx budget than last year. However, he could not say the exact figure.
For information, INCO prepared a CapEx budget of US$ 166.6 million in 2019. Most of the budget was used for the Larona Canal Lining project and routine maintenance.
In 2019, the company generated US$ 782.01 million in revenue and US$ 57.40 million. (KR/AR)