AVIA - PT. Avia Avian Tbk

Rp 490

-10 (-2,00%)

JAKARTA. PT Avia Avian Tbk (AVIA), a paint manufacturer owned by the magnate, Hermanto Tanoko, is targeting to reach double-digit growth in its sales.

Said target is set after AVIA managed to end 2024 with quite an impressive number of sales, scoring double-digit growth, as well. “This growth is supported by several economic product launches, which are proven to be well-received by customers,” said Hera Septi Astuti, Corporate Secretary of AVIA.

However, AVIA has yet to release its official financial report for the fiscal year 2023.

In the official disclosure, however, Astuti said that AVIA’s business growth in 2023 was supported by some new initiatives, such as express delivery service for customers’ goods that takes less than 2 hours.

In addition, the company also owns the biggest distribution centre network with the most extensive scope in Indonesia. The total distribution centres of the company until December 2023 were recorded at 118 points, plus another 14 mini-distribution centres and 40 third-party distribution centres.

Furthermore, AVIA claims that as of now, the company covers 23% of the market (market share) of decorative paint and coating industry in Indonesia. (KR/ZH)