25 June 2019

KONTAN.CO.ID -JAKARTA. In the period January to May this year PT Mahkota Group Tbk has produced 77,502 tons of rude palm oil (CPO). Previously, Secretary of Mahkota Group, Elvi said that in the second quarter they hoped to pocket revenues around Rp 1.4 trillion.

The issuer coded MGRO stock projects that demand for CPO and its derivatives will increase along with the increase in the biodiesel program. Just so you know, MGRO is now building a refinery plant or refining crude palm oil which is targeted to operate in the near future.

“Currently the construction progress has reached 80% and is expected to be commissioned in August 2019,” he said, Monday (6/24).

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

In addition, through its subsidiary PT Dumai Pracipta Abadi, the company will increase the capacity of its stockpile tank by 20,000 metric tons; currently the company has a stockpile tank with a capacity of 76,000 tons.

To work on the downstream program by building a refinery plant and adding stockpile tanks, MGRO prepared a capital expenditure of IDR 200 billion this year. Until April 2019 the absorption of capital expenditure amounted to IDR 53.2 billion, most of which was used to build a refinery plant.

Source : https://industri.kontan.co.id/news/mahkota-group-mgro-segera-operasikan-pabrik-baru