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Astra Agro sets Rp1.82 capex in 2016

JAKARTA (rambuenergy.com) – PT Astra Agro Lestari Tbk (AALI), a subsidiary of diversified group PT Astra International Tbk (ASII) sets aside Rp1.82 in capital expenditure (capex) in 2015, lower from this year planned total capex of Rp2.6 trillion.

Finance Director of Astra Agro Rudy Chain said during a media workshop in Sentul, Bogor last Friday said that as a response to low crude palm oil (CPO) price, the company will use most of its capital expenditure in 2016 in developing higher value added downstream projects.

The company will be more focused in downstream venture, which offers higher-value added. Portion of the capex will be used to build one CPO mill in

The realized capex up until third quarter 2015 stood at Rp2.08 trillion, indicating that its 2015 capex is unlikely to be fully realized. Central Sulawesi with capacity of 45 tons per hour. The CPO mill will further process the CPO into butter, cooking oil, soap and others.

The realized capex up until third quarter 2015 stood at Rp2.08 trillion, indicating that the company may not use all its capex in 2015. (*)

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