Concrete PT Wijaya Karya Tbk. to allocate capital expenditures this year by as much as Rp682 billion. The higher number of 41% compared to the allocation in the past year as much as Rp425 billion.
Entus Asnawi, financial Director of the concrete, Wijaya Karya said this year the company would boost the business of bulk or ready mix concrete. He adds, issuers of shares, codenamed WTON it would build ten sets of batching plant.
Workers working on the removal process of concrete beam-owned PT Wika concrete (Wika) to the carrier in the port of Makassar, South Sulawesi, Monday (11/1). -Paul/Tandi Bone JIBI
“Our plan 2017 Capex Rp682 billion, including for batching plant Rp120 billion,” he said further.
Entus describes business expansion concrete bulk would be directed to infrastructure projects and property. He described the contract from Balikpapan-Samarinda highway projects most of which are for concrete/precast concrete in addition to precipitation or precast.
In addition, WTON also menyasar property projects. Project Podomoro Golf View PT Agung Podomoro crime Land Tbk. is referred to as one of the projects that are projected to WTON.
According to Entus, allocation of capital expenditure this year would also be used for capacity addition of molds and tools. Until last year the factory installed capacity WTON reached 2.5 million tons per year. That number would grow 300,000 tons per year if a new factory in Subang in operation…(Red).