SMDR plans to acquire terminal & logistics companies with capex budget

New fleet help Samudera's revenue grow
New fleet help Samudera's revenue grow
PT Samudera Indonesia Tbk (SMDR) this year allocates capital expenditure (capex) around US $ 190 million.

JAKARTA (infolog): Director of Samudera Indonesia, Bani Maulana said that the capex budget will be used for the purchase of vessels with a maximum of 15 units, depending on each project.

The company also plans to receive new shipments from China as much as two units in the I-2018 quarter.

“If our total capex for various projects, almost US $ 200 million or about US $ 190 million,” said Bani as quoted by Kontan.co.id, Tuesday (2/1) as saying.

He explained that the purchase of the vessel will be made if SMDR shares coded in Indonesia Stock Exchange (BEI) again get tender. Some ships are also bought to meet existing routes.

The company will also participate in the development of the Patimban harbor infrastructure and participate in tender as its operator.

PT Samudera Indonesia Tbk plans to hold foreign companies to manage the Patimban port. But he has not been able to tell which company to be held next.

This year, the company also has plans to acquire terminal and logistics companies whose funding sources are also from capex.

As for the addition of trucking fleets, the construction of warehouse in Jakarta and in Malaysia is also included in the capex budget this year. (ac)

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