JAKARTA - PT Avia Avian Tbk (AVIA), a leading producer of decorative paint and coatings in Indonesia, is projected to deliver double digit growth in net profit by end of 2022. Demand for various products from the company continues to be robust.
Wijono Tanoko, President Director of AVIA said, “We are optimistic that the Company will deliver better performance this year. We continue to capitalize on the opportunities in the paint industry this year, which has improved compared to last year. AVIA focuses on its distribution center expansions across the nation in order to ensure that supply of our products are accessible for building material shops everywhere. Our on-going commitment on innovation allows us to deliver various types of products to satisfy the different needs of Indonesian consumers”
AVIA has navigated the year of 2021 successfully, as the Covid-19 situation continues to improve in Indonesia. The Company was able to take advantage of the recovery of demand in the second half of 2021 following the gradual easing of Covid- 19 restrictions by the Government. In line with these efforts, for the full year of 2021, the Company estimated that sales growth of 18% leading to a revenue of around IDR 6.8 trillion was achievable.
At this point in time, AVIA operates 2 paint manufacturing facilities with a total production capacity of more than 286 thousand metric tons per year. The company produces multiple award-winning brands, namely, No Drop, Sunguard All in one, Supersilk Anti Noda, Avitex, Avian Synthetic and others. To demonstrate its commitment to innovation, AVIA has constructed one of the largest research, development and innovation center in Indonesia under Avian Innovation Center (AIC), which is equipped with 11 laboratories and supported by 65 dedicated and innovative researchers. (LM)