Business Development, This Year PT PP Presisi Tbk Ready to Acquire Japanese Origin Company
By : Arya Mandala And Aldi Firhand. A | Sunday, February 18 2018 - 21:42 IWST

President Director of PT PP Precision Tbk Iswanto Amperawan, Finance Director Benny Pidakso and Independent Director Arief Subyandono after Public Expose PT PP Precision Tbk (dok INDUSTRY.co.id)
INDUSTRY.co.id - Jakarta, In support of business development plan, this year PT PP Presisi Tbk (PPRE) prepares capital expenditure (capex) amounting to Rp 1.5 trillion Rp 1.6 trillion.
Most of the budget will be allocated to buy 500 700 units of dump trucks, then escavator and bulldozer.
Some again buy land area of about 10 hectares in Bekasi or Cikarang, West Java for the expansion of the warehouse or heavy equipment parking.
The financial director of PPRE, Benny Pidakso, said that the company still has the proceeds from the initial public offering (IPO) of around Rp 1 trillion, some of which can be used for capex.
The rest we can use the banking loan facility, he said some time ago in Jakarta.
According to him, the net gearing ratio at 0.1 times has wide space to access external funding.
Good bank loans, bond issuance or medium term notes (MTN).
But we prefer banking loans, he explained.
Meanwhile, the main director of PPRE Iswanto Amperawan said that business development is also done through inorganic steps by acquiring two companies.
The acquisition is said to be Iswanto is targeted to occur in the first half of 2018 with an allocation of approximately Rp320 billion.
It is said Iswanto is currently doing due diligence for the corporate action plan.
The company to be acquired according to him is a Japanese company engaged in the field of erector.
In addition, PPRE will also buy shares of local companies engaged in the foundation.
The local company we want to acquire has a huge market outside the parent company, PT PP (Persero) Tbk., He said.
He added that the funds used for acquisitions go into capital expenditure allocation in 2018 worth Rp1.6 trillion as mentioned above.
As previously known, in the past year PPRE has acquired 51% shares of PT Lancarjaya Mandiri Abadi (LMA) worth Rp331.5 billion.
The funds used for the acquisition of LMA said Iswanto sourced from the company's internal cash.
Read Also
tops! Handover of Cluster 'The Grove' Shila at Sawangan Faster Than…
Swire Properties, A Story of World-Class Excellence and Creative…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Coming Soon: Orange Groves at PIK 2, A new Riverside Destination…
Today's Industry

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

Senin, 11 September 2023 - 07:45 WIB
ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace
On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

Senin, 11 September 2023 - 06:40 WIB
Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic
Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.
News Comment