NSSS - PT. Nusantara Sawit Sejahtera Tbk

Rp 184

-1 (-0,54%)

JAKARTA – PT Borneo Sawit Perdana (BSP) has received IDR 192.14 billion of fresh funds from the proceeds of the initial public offering (IPO) of its parent company, PT Nusantara Sawit Sejahtera Tbk (NSSS). The money will then be spent on building its factory and its supporting facilities.

In the prospectus of NSSS quoted Friday (10/3), the palm production plant is targeted to have a production capacity of 60 tons of fresh fruit bunches per hour. The location will be on a plot of land of 40 hectare (Ha). This plant is expected to raise the crude palm oil (CPO) and palm kernel (PK) production capacity in order to enhance profitability and efficiency of CPO distribution costs via piping method. The allocated budget for this project is IDR 135.04 billion.

BSP is said to prepare capital expenditure of IDR 14.50 billion in order to build special terminal this year. This terminal will be equipped with a direct piping system from the CPO plant of BSP spanning 1.5 km in length in Rubung Buyung, East Kotawaringin, Central Kalimantan.

Approximately IDR 42.59 billion is channelled to BSP as its working capital to purchase fertiliser and agrochemical substances. (LK/ZH)