JAKARTA. PT Alkindo Naratama Tbk (ALDO) sets the revenue target in 2023 to reach IDR 3 trillion, following its expansion programme that shall boost production capacity.
Herwanto Sutanto, President Director of Alkindo Naratama, claimed that the realisation of revenue in 2021 clocked up to IDR 1.4 trillion. Meanwhile, this year, it is estimated to reach IDR 1.7 trillion. In order to attain this objective, Sutanto said that his company is currently expanding its business to increase the production capacity of the recycled brown paper machine from 80,000 tons per year to 220,000 tons per year.
Furthermore, ALDO’s performance will be supported by its commitment in developing green products and adopting green processes, which opens up new opportunities for ALDO to expand its business even more. Said commitment is reaffirmed by the success of its subsidiary, PT Eco Paper Indonesia (ECO), in landing the green financing from Bank BCA of IDR 472 billion and PT Bank HSBC Indonesia of IDR 27 billion.
Sutanto further revealed that the company will focus on expanding the paper manufacturing business in the next 2-3 years. Meanwhile, its short-term plan includes launching a delivery package product that will be useful for wrapping packages. (AM/ZH)