JAKARTA - PT Indo-Rama Synthetics Tbk (INDR) allocates US$ 44 million for capital expenditure (Capex) in 2019. CapEx will be used to expand the business, increase the polyester production and spun yarn (spinning).
Vishnu Swaroop Baldwa, President Director of PT Indo-Rama Synthetics Tbk (INDR) stated that CapEx also will be used to increase the production capacity on average by 5%-7% at the end of 2019. “We will use the high technology, which is brought from overseas,” he said.
According to Baldwa, Indo-Rama also allotted CapEx worth US$ 7 million to subsidiary in Turkey, and the amount of US$ 34 million will be used for the factory in Purwakarta, West Java. The source of funds will be from internal cash. (LK/W)