JAKARTA - PT Sarimelati Kencana Tbk (PZZA) builds a new warehouse and a production facility worth Rp 125 billion this year, which are targeted to operate at the first quarter of 2020.
Budi Setiawan, Independent Director of PT Sarimelati Kencana Tbk (PZZA) stated that the company has acquired a land for the warehouse. “We have an expansion plan for the warehouse, which has been built and is expected to complete by the end of 2019,” said he, in Jakarta.
According to Setiawan, besides establishing a new warehouse, the company has also built a production facility by putting Rp 125 billion of investments. The investment funds were sourced from internal cash, which did not disclosed in the prospectus. (LK/W)