JAKARTA (Yosefardi) – Chemical producer and distributor PT Lautan Luas Tbk (LTLS) booked revenue of Rp6 trillion in 2014, grew by 4.7% from Rp5.73 trillion in 2013. It targets to book revenue of Rp7 trillion this year.
The company allocates capital expenditure (capex) of Rp250 billion for this year, to help funding its main projects such as logistic warehouse in Semper, Tanjung Priok, plant expansion in Mojosari, and chemical plant construction in Tangerang.
LTLS plans to issue bonds worth Rp500 billion and seek bank loan to get financing for the projects.