CLEO Actively Expands, Aims Sales to Grow 30%
By : Nata Kesuma | Wednesday, March 15 2023 - 13:30 IWST

PT Sariguna Primatirta Tbk (Tanobel Group)
INDUSTRY.co.id - Surabaya, March 14th, 2023 - PT Sariguna Primatirta Tbk (Tanobel Group), listed bottled drinking water (AMDK) company with IDX ticker code: CLEO:IJ, continue to improve its distribution network, especially in Sumatra and the eastern part of Indonesia to support expansion activities, in addition to optimizing the existing distribution network.
Apart from developing the distribution network, CLEO is also actively building new factories, where currently the Company is building new factories in Lampung and Manado which are expected to start operating next year. This year, the Company targets sales to grow by 30%.
"The development of distribution network and the construction of a new factory are the Company's expansion steps that are interrelated and continuous. After we successfully developed a distribution network in an area, we will follow up by building a new factory in that area to reduce transportation costs," said Melisa Patricia, Deputy Main Director of PT. Sariguna Primatirta.
For this reason, the Company has prepared a capital expenditure or CAPEX of IDR 300 billion.
Majority of the CAPEX will be used for the construction of new factories and distribution networks development, in addition to those allocated for the purchase of new machines.
CLEO is optimistic that this year's performance will be better than last year, because the government has revoked the Imposition of Restrictions on Community Activities (PPKM) at the end of 2022. People activities that have increased again after the repeal of PPKM will automatically increase the community's need for drinking water. Therefore, the Company continues to add factories and distribution networks to be closer to consumers throughout Indonesia.
The majority of CLEO's product marketing services are still located on the island of Java. Therefore, every year the Company always builds new factories and expands its distribution network outside Java, such as the construction of factories in Lampung and Manado which are currently under construction.
Read Also
Growing Above Industrial Average, CLEO Strives for Innovation
Aggressive Tactics Boost Brand Awareness, CLEO Achieves Record- Breaking…
SKB Food Boss Eko Pujianto and Six Other Young Entrepreneurs Ranked…
A World of Festivals awaits at Marina Bay Sands
Maintaining a Consistent Growth Trajectory, CLEO Records a YoY Net…
Today's Industry

Rabu, 04 Oktober 2023 - 09:50 WIB
Mrs. Iriana and OASE KIM Test the Whoosh Fast Train
Mrs. Iriana Joko Widodo together with a number of members of the Advanced Indonesian Cabinet Era Solidarity Action Organization (OASE KIM) left for West Java Province, on Tuesday (03/10/2023).

Rabu, 04 Oktober 2023 - 08:40 WIB
President Jokowi: Korpri is a big force that determines the nation's progress
Indonesian President Joko Widodo (Jokowi) emphasized that with 4.4 million members, the Indonesian Civil Service Corps (Korpri) is a major force determining the nation's progress.

Rabu, 04 Oktober 2023 - 07:15 WIB
Commemoration and Collaboration: 78 years of Indonesia’s Independence, 10 years of Indonesia-Viet Nam Strategic Partnership
Hanoi, Viet Nam - More than 500 guests, including government officials of Viet Nam and ambassadors, attended the commemoration of the 78th anniversary of the Independence Day of the Republic…

Rabu, 04 Oktober 2023 - 06:15 WIB
Thousands Attend, Enliven Establishment of Amigos de Indonesia in Colombia
Thousands attended the establishment of Amigos de Indonesia / Friends of Indonesia in Colombia, which began with the performance of the national anthem Indonesia Raya.

Selasa, 26 September 2023 - 07:45 WIB
ESSA Secures Gas Contract Extension for LPG Refinery
PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…
News Comment