WSBP to invest Rp 1,1 trillion in new factories

November 14, 2016, 01.03 PM  | Reporter: Dede Suprayitno
WSBP to invest Rp 1,1 trillion in new factories


JAKARTA. PT Waskita Beton Precast Tbk (WSBP) seems to be undefatigable. After built precast concrete factory in this year, the compay has started planning to build two other factories in 2017 with a total investment of Rp 1.1 trillion.

The investment funds are derived from the initial public offering (IPO) and the loans from banks. As an information, as of September 2016 Waskita Beton had secured IDR5.16 trillion of funds after releasing 40% of its shares to public at Indonesia Stock Exchange (IDX).

Waskita Beton schedules to operate the two new factories in the second semester of 2017. The products of the new factories will supply the markets in Sumatra, Kalimantan, and Sulawesi. However, the exact production capacities and location of each factory remain unclear.

“The new factories will be built in the northern part of Sumatra and Kalimantan in 2017”, said President Director of PT Waskita Beton Precast Tbl Jarot Subana on Sunday (13/11).

Wakita Beton Precast (WSBP) expects that the additional factories will make the company be more nimble in catching the new opportunities. So far, most of the projects of precast concrete procurements of WSBP come from infrastructure sector, namely toll road.

Therefore, WSBP is keen to target toll road projects. To date, WSBP targets at least three toll road projects, namely Section I of Kayu Agung-Palembang Betung labe, Terbanggi Besar-Pematang Panggang lane, and Permatang Panggang-Kayu Agung lane.

If WSBP can secure the three projects, the company will be easier to meet the income target in 2017. “The company targets to secure an IDR7.4 trillion of incomes in 2017”, Jarot said.

WSBP targets to sustain the initial target of income, which amounts to IDR4.7 trillion. The subsidiary of PT Waskita Karya (Persero) targets to grab a worth of IDR610 billion net profits from the total income.

(Muhammad Farid/Translator)

Editor: Dupla Kartini

Latest News