JAKARTA (Yosefardi) – Paper mill PT Suparma Tbk (SPMA) allocates capital expenditure (capex) of US$28 million for this year, funded by internal cash.
The capex will be used to fund investment of new paper machine. The new paper machine will boost the company’s installed capacity by 13% to 220,000 tons, compared to 183,000 tons last year.
SPMA booked net sales of Rp1.39 trillion last year, grew by 9.5% from Rp1.27 trillion in 2012. It sold 189,000 metric tons of paper during 2013, a 5% rise. While Ebitda rose 9.5% to Rp215.7 billion last year.
In first quarter of this year, SPMA booked net sales of Rp473 billion. It targets to book net sales of Rp1.4 trillion this year.