PT Eterindo Wahanatama Tbk, a corporation engaged within the field of renewable energy, agribusiness, and trade of chemical product, next year plans to make 2 palm oil mills to the wants investment of Rp236 billion. Director of Immanuel Eterindo he argued the development of palm oil mills to the CPO so as to any integrate the company's business within the palm oil sector that was previously solely to provide the raw material of biodiesel.
He explained the 2 factories every have a production capability of forty five metric tons per hour and may be increased up to sixty tons per hour. "As the operation of those 2 factories in 2014, a complete that are mature plantations we have a tendency to [the harvest] is 7615 hectares," he said last week.
Senior Finance & Accounting Manager Eterindo Anton Hartono added construction financing wants of the plant are going to be funded from internal money and bank loans with a composition of 30%: seventieth.
"We've received permission from the principle of 1 of the most important state banks to fund the plantation project as a full," he explained.
This year, the corporate allotted an investment of Rp210 billion for oil palm development with a target of planting 4150 acres. "We've got a operating capital loan from Bank Mutirara Rp44 billion," he explained.
According to Immanuel, a corporation founded in 1992 by entrepreneur Sudiharta Sridjaja it'll gradually leave the business within the chemical business and started to target running the business of biodiesel and palm oil plantations.
He reasoned business transition was created as a result of the profit margin earned from businesses within the chemical business is extremely tiny, but the biodiesel business and oil palm plantations. "Because of the chemical business, we have a tendency to are solely trading isn't a manufacturer thus tiny profit margins," he said.
According to him, gross profit margins of the chemical business is just concerning 2 hundredth -3%, whereas the margin of the biodiesel business reach V-J Day -18%.
Eterindo biodiesel business currently run by a subsidiary of PT Anugerahinti Gemanusa, whereas the business lines of plantation by PT Maiska Bhumi Persada Malindo Universe and also the Equator.
This year the corporate when the acquisition of an income of Rp922 billion, a rise of thirteen.8% compared with last year's achievement of Rp810 billion, where fifty one or Rp470 billion are going to be contributed by the sales of biodiesel.
As of quarter I/2011, the belief of the company's sales fell four-dimensional to Rp226, seventeen billion compared with the performance of a similar amount in 2010 amounting to Rp236, 17 billion. "The second quarter we have a tendency to expect this realization Rp240 billion, thus total Rp476 billion," said Immanuel.
He expressed optimism to realize sales targets set at the corporate this year because the necessary provisions from the govt. concerning the utilization of minimum five-hitter biodiesel within the transport sector which will increase demand for biodiesel. "We are projecting sales can increase 370% biodiesel," he said.
Until the tip of trading last week, the stock value closed coded ETWA slipped five points or -1.85% at the amount of Rp265 per share, therefore forming a market capitalization of Rp256, 60 billion.
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