HomeNewsVideos

Indo Rama is ready to operate two new factories next year

03 September 2020 13:41

JAKARTA - Two new factories owned by PT Indo Rama Synthetics Tbk (INDR) in Purwakarta, West Java are targeted to start operations in the first half of 2021. The company invests US$ 73 million for the factories, which will produce polyester spun yarn and polyester fibre.

Vishnu Swaroop Baldwa, President Director of PT Indo Rama Synthetics Tbk (INDR) said that the two factories will start production in Q1 and 1H 2021 respectively. "We hope to reach 100% capacity within two months from start-up.(operations), "he said in a public expose sheet published on Thursday (3/9).

The production capacity of the polyster spun yarn factory, he said, reaches 13,000 tons per year, while the polyester fibre factory has 81,000 tons per year. Until the first semester of 2020, the investment made for the polyester yarn factory had reached US$ 3 million and US$ 31 million for the polyester fibre factory.

Apart from the new factories, his party will also maximize production capacity and utilization of the existing factory. "We are focused on increasing factory operations starting July 2020, which is now back at the pre-pandemic level. This will help the group to increase operating margins in the second half of this year," he said. (LK/AR)

 
© 2024 - IDN Financials - All Rights Reserved.