20 February 2019

BORNEONEWS, Pangkalan Bun - PT Mahkota Group Tbk (MGRO) is focusing on developing its business in the downstream sector by operating a refinery plant through its subsidiary PT Intan Sejati Andalan and a kernel crushing plant in Dumai in June this year.

This plant will produce cooking oil with a production capacity of 1,500 tons per day, while the kernel crushing plant will produce palm kernel oil of 400 tons per day.

“We are preparing a new refinery plant which will be completed this year, as well as the addition of several stockpile tanks in one of the subsidiaries,” said President Director of Mahkota Group, Usli Sarsi, in Jakarta, Tuesday (02/19/2019).

Through its subsidiary PT Dumai Pracipta Abadi, the company will add this stockpile tank by 20,000 metric tons, currently they have a stockpile tank with a capacity of 76,000 tons.

In order to launch the business focus, namely downstreaming by building a refinery plant and adding stockpile tanks, the company has prepared a capital expenditure of IDR 200 billion.

“Funds were obtained from the IPO proceeds and partly from bank loans,” said Usli.

With the operation of the factory, MGRO is aiming for revenue of IDR 5 trillion, up around 150% with a net profit of IDR 123 billion. (NEDELYA RAMADHANI/m)

Source : https://www.borneonews.co.id/berita/117196-mahkota-group-fokus-bisnis-hilir-bidik-laba-rp123-miliar