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Uni Charm Indonesia purchases new production machinery

20 October 2020 11:17

JAKARTA - PT Uni Charm Indonesia Tbk (UCID), a textile and garment company, purchased a set of machinery for the production of adult pants diapers from Unicharm Corporation Japan (UC Japan). The transaction between the two affiliated companies took place today (20/10).

Junichiro Onishi, Director of PT Uni Charm Indonesia Tbk (UCID), said the price of the machinery was JPY 986,483,143 (equivalent to Rp137.23 billion, assuming JPY 1 = Rp139.12). The company used its IPO proceeds to purchase the machinery.

In the IPO, which took place on 20 December 2019, UCID raised Rp1.15 trillion. The funds were used for capital expenditure (Rp752.05 billion), debt payment (Rp231.40 billion), and working capital (Rp173.55 billion).

According to him, the machinery will help increase the production of adult diapers.  For information, Unicharm Corporation Japan owns 59.20% of UCID shares. (LK/AR)

 
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