JAKARTA - PT Gozco Plantation Tbk (GZCO) prepares Rp 27.5 billion for capital expenditure (CapEx) until the end of this year, of which Rp 9.25 billion will be used for new plants and Rp 18.25 billion will be used for investment in fixed assets.
Andrew Vincent, Director of PT Gozco Plantation Tbk (GZCO), said that the company would plant new plants on a 500 hectares (Ha) owned by its subsidiary. "There is also a plan to purchase heavy equipment to support our field work," he said in a public expose on Wednesday (2/9).
The budget, he said, will also be used to improve the maintenance of existing gardens and increase production of Crude Palm Oil (CPO) and Palm Kernel (PK) . (LK/AR)