Boy Thohir optimistic ADRO will achieve 2023 sales volume target
JAKARTA. President Director and Chief Executive Officer of PT Adaro Energy Indonesia Tbk. (ADRO) Garibaldi Thohir expressed optimism about the 2023 coal sales volume target. This follows the achievement of a production volume of 33.41 million tonnes in Semester I-2023, up 19% from 28.02 million tonnes.
Meanwhile, the coal issuer's sales volume in the first semester of 2023 also rose 19% to 32.62 million tons, from the previous 27.50 million tons. "ADRO is ready to achieve its coal sales volume target in 2023, which is around 62 million–64 million tonnes," he said in a press release, Wednesday (9/8/2023).
Garibaldi, who is often called Boy Thohir, conveyed the performance achievements in Semester I-2023 at the same time marking sustainable business growth for the long term.
Recently, ADRO's subsidiary, PT Adaro Minerals Indonesia Tbk (ADMR), obtained a financial close of US$ 1.58 billion or IDR 2.5 trillion in May 2023 for the development of an aluminum smelter project with a capacity of 500,000 tons per year.
The smelter project undertaken by PT Kalimantan Aluminum Industry (KAI), a subsidiary of ADMR, has become a significant event in Adaro's business expansion into the mineral processing sector. In the second quarter of 2023, KAI completed land preparation, earthworks and temporary jetty construction. (AM/LM)