JAKARTA (Yosefardi) – State fertilizer company PT Pupuk Indonesia mulls to launch the initial public offering (IPO), to raise proceed or fund for construction of new factory.
The company plans to build 6 factories within 10-15 years ahead with investment cost of US$1.25 billion. Pupuk Indonesia targets to boost its production capacity to 19 million tons by 2019.
The company allocates capital expenditure (capex) of Rp13 trillion for this year. It targets to book revenues of Rp76 trillion this year with total assets reaching Rp86 trillion.