JAKARTA. PT Trisula Textile Industries Tbk (BELL) has been deemed suitable to establish a new business line of fabric production for personal protective equipment (PPE). It would then ask for its shareholders' approval through a meeting on May 27, 2021
R Nurwulan Kusumawati, the Director of Trisula Textile, the said business line addition responds to the high demand of PPE, particularly during the early period of the COVID-19 pandemic in Indonesia.
Furthermore, Kusumawati admitted that the PPE’s fabric production would help to optimise the company’s production capacity. “The company’s production capacity declined during the pandemic,” Kusumawati added in the information disclosure on Indonesia Stock Exchange.
Kusumawati projected this recent supporting business line would boost the company’s revenue up to IDR 10.06 billion from 2021 to 2025.
According to idnfinancials.com, BELL is a subsidiary of PT Trisula International Tbk (TRIS), which controls 78.54% of BELL’s shares. Another 5.22% of the shares belong to PT Henan Putihrai AM, 6.01% Reksadana HPAM, 5.47% Reksadana Syariah HPAM, 0.79% PT Trisula Insan Tiara, and the remaining 3.97% public investors. (KR/ZH)