While Dollar Weakens, PT Rajawali Parama Construction Optimistic Sales Grow 20 Percent
By : Ridwan And Aldi Firhand. A | Thursday, July 12 2018 - 21:36 IWST
President Director of PT Rajawali Parama Konstruksi Bong Parnoto (Photo: Herlambang / Industry.co.id)
INDUSTRY.co.id - Jakarta, The more volatile rupiah exchange rate against the US dollar makes some national industries more horns. Because, many of these industries still rely on imported raw materials whose price is increasingly soared.
Similar conditions are also experienced by PT Rajawali Parama Konstruksi as the official distributor of Armstrong Fluid Technology pump products manufactured in the United States.
"With the weakening of the rupiah does indirectly affect the continuity of our business," said President Director of PT Rajawali Parama Bong Parnoto Construction to Industry.co.id in Jakarta, Thursday (12/07/2018).
According to him, the weakening of this eaglewood currency will have an impact on our business. Because, at this time Armstrong pump purchases from factories in the US using the US dollar exchange rate, while for the sale we use the rupiah exchange rate.
"We hope the government will soon be able to overcome this problem so that the national industry will again be enthusiastic," Bong explained.
Amid conditions that are still unstable Bong optimistic sales until the end of 2018 can grow approximately 20 percent from the previous year.
"Our target is to grow 20 percent by the end of this year, and for the first half yesterday we are still stable," Bong said.
According to him, Indonesia's market potential is very large due to population growth and also high buildings. So does public facilities such as airports and hospitals.
"With the right project selection by following every process intensely, we are confident of being the number one player in the industry," he concluded.
Armstrong first entered the Indonesian market in 1990. Armstrong products are used by leading buildings and factories such as Hyundai factories in Korea, TSMC chip factories in Taiwan, Powerchip Semiconductor factory in Taiwan, Grace Semiconductor factory in Shanghai, Macau Cultural Center, the Lexmark plant in Mexico, the Canary Wharf office building in London, and the Reichmann Project tower in Mexico.