PTPN Unified Create Largest Indonesian Sugar Factory

PT PTPN III, XI, and XII plans to build a sugar factory along with the name of PT Industri Gula Glenmore. Largest sugar mills in Indonesia later this stake by 60 per cent owned by PTPN III, PTPN XI 10 percent, and the remaining 30 percent had PTPN XII.

This determination was Minister of State-Owned Enterprises, Dahlan Iskan, in his office, Jakarta, Tuesday, July 23, 2013.

The plant will produce primary products and white sugar premium products such as bio-ethanol bandwagon, bio fertilizer, and animal feed.

The plant will be built with a processing capacity of six thousand tons of cane per day and will be increased to eight thousand tons per day in the end. At the beginning of production of the company is expected to earn as much as nine percent yield, so the premium of white sugar production could reach nine thousand tons.

The factory is located in East Java will be supplied entirely from plantation PTPN XII. The construction itself is expected to cost Rp1, 5 trillion.

“This plant should be completed within 22 months, since the completion of the project has been adapted to harvest sugar cane grown to be supplied to Glenmore. If it’s too late. Later sugarcane to be supplied to anybody,” said Dahlan.

Commodity price doldrums, Uno Uno Corporate Profit Drops 65%

Saratoga Investama Tbk PT Federal International (SRTG) made a profit of Rp 188.34 billion in the first half of 2013, down 65% when compared to the same period last year of Rp 539.61 billion. The fall in profits due to weak performance in the subsidiary coal and palm oil sector.

“Weakness in the coal and palm oil sector makes to the weakening performance,” said President Director of Saratoga Uno Uno S in Jakarta, Thursday (08/01/2013).

The Company recorded revenue of Rp 1.165 trillion in the first six months of this year, revenue rose compared to the previous year in the same period to Rp 1.138 trillion.

Load reduced income from Rp 1,063 to Rp 1,038 trillion trillion at the end of June 2013. So the gross profit and operating profit growth is still positive.

The company’s net profit could decline due to other expenses are quite high, especially because of the performance of subsidiaries in the coal sector and palm oil weakened.

Saratoga continued to invest in three key sectors to drive economic growth in Indonesia with a long-term outlook is very positive.

“By providing long-term benefits, Saratoga will continue to contribute to Indonesia and the wider community,” Uno added.

One of the company’s subsidiary in the consumer sector, PT Mustika Pinasthika Mitra Tbk (MPMX), earned revenues of Rp 6.78 trillion, contributed by higher sales of motorcycles in East Java and East Nusa Tenggara.

Sales volume increased by 26% to 447,578 units in the first half of 2013 compared to 355,758 units in the same period a year earlier. It is also supported by MPM automotive rental business, which rose 74%, from 6,995 units in the first half of 2012 to 12,104 units in the first half of 2013.

While the sector PT Tower Bersama Infrastructure Tbk (TBIG) won pendapatam surge by 96% This is caused by the growth of a significant tenant of organic growth and through acquisitions, from 8,584 tenants as of June 2012 to 15 277 tenants in June 2013.

In line with the increase in revenues, gross profit TBIG also been increased by 98% in the first half of 2013.

Saratoga Investment in PT Lintas Marga Sedaya managing highway projects Cikampek-palimanan goes according to schedule. Overall construction was started in January 2013.

The entire land has been acquired, the work permit has been issued by the authorities and senior debt facility is executed as well as drawdown begins in line with the project an important milestone.

While the natural resources sector, global sentiment towards commodities affect the performance of associated companies (investee companies) engaged in integrated coal sector, mining and palm oil.

Such as PT Adaro Energy Tbk (ADRO), Provident Agro, and PT Agro Maju Raya (Amara) which was corrected earnings

Expand in Insurance and Banking

Entering the second half of 2013, the company plans to enter into the insurance and banking sectors. This sector, said Uno, still very attractive in Indonesia.

“We are open to look at opportunities in the banking sector. Banks in Indonesia are very good, the growth of the industry is still good,” he said.

The Company is developing in the direction of the two sectors of the industry. How, can by buying an existing company or create new company from scratch.

“The business model we are usually targeting existing enterprises and capital needs. But it could also open opportunities from zero,” he said.

Muslim clothes merchant turnover in Condet Reaches Rp 5 Million / Day

Idul Fitri 1434 H, the demand for ever increasing number of goods, including the Muslim clothes for men clothes Koko. Momentum is not wasted as it is by the merchants Condet impromptu at Jalan Raya, precisely near Masjid Al-Hawi, Kramat Jati, East Jakarta.

In a typical day traders only sell clothes such Koko perfume refill, however, ahead of the holiday, this Condet merchants met impromptu Koko clothes. Visible row of hawkers crowded Muslim clothes look as if to welcome the day of victory of Muslims.

One trader, Henry, said that if he sells daily from 08.00 am until 03.00 am in the morning. At his stall selling, sold a variety of needs Lebaran, among other various types of clothes, cap, gloves and perfumes.

The goods were obtained from different regions, namely East Java, Jakarta, and even directly from Saudi Arabia. The price offered was varied according to the quality of the material.? “Gloves Rp 40,000-Rp 300,000. Most expensive of silks. Koko Then from 50 thousand to 150 thousand,” he said.

However, approaching the holidays, the number of buyers has increased. So even turnover. He says one day can pocket up to 5 million. Furthermore the buyer also sometimes buy at any given time.
? “Want to dawn is also no subscription buy, usually lunch he could not come, so lately like overwhelmed,” he said.?

? A buyer, Adit said he chose the area as a hunting ground Condet Eid clothes because the price is in accordance with the regular employees such as himself. ? “Want to buy a shirt and koko for brothers, for Eid. Usually when you want to Lebaran this way, down the price,” he said.?

Condet as a place to buy equipment Lebaran because quality is assured. In fact according to him, the area was already known.? ? “My friend was given out, he said good here, so I bought here. Buy a hell, koko,”

Came the afternoon and evening alone, addition can freely choose clothes without bersumpek-sumpekan, trading activities indeed result in traffic being choked, it can even lead to congestion.

Processed Chocolate Indonesia Reach 500 Thousand Tons

Chairman of Indonesian Cocoa Industry Association (AIKI), Piter Jasman, say, the national cocoa processing will reach 500 thousand tons by the end of 2013. 25 percent increase in production was driven by high demand. “It is also driven downstream program through the imposition of export duties cocoa beans,” he said as quoted by Bloomberg, on Tuesday, July 23, 2013.
Data AIKI mention, the national cocoa production in 2012-2013 reached 310 thousand and 400 thousand tons. Policy for the imposition of export duty by 16 percent cocoa processing industry and encourage the rise of foreign investment. Therefore, AIKI processed cocoa production estimate could rise to 800 thousand tons in 2014.
Besides Indonesia, the trend of increasing cocoa production occurs in the Asia-Pacific region. London-based consumer research agency, Euromonitor International Ltd., Estimates that sales of chocolate in the Asia-Pacific region in 2013 will grow more than twice the global market.
Euromonitor estimates that sales of chocolate in Asia reached 5.2 per cent to 859 300 tonnes in 2013. At the same time, production and global demand for chocolate grows 2.2 percent. Senior analyst Euromonitor, Redruello Francisco, said the chocolate manufacturers are now racing to build factories in Asia. “Asia is a region of strongest growth in chocolate. We also saw high demand there,” he said.
One of the opportunities is Cargill Inc. The processed food company plans to invest U.S. $ 100 million to build a chocolate factory in Gresik, East Java. Factory production capacity of 70 thousand tons is expected to operate in mid-2014.

Holcim Profit Down 7 Percent

Cement plant Holcim Indonesia posted a profit of Rp 467 billion during the first half of 2013. This figure is down 7 percent compared to net income in the same period a year earlier.
In a financial statement released, the cement factory managed to collect revenue to Rp 4.482 trillion. The achievement is obtained from the optimization of product mix and distribution to meet the challenges of increased market supply of capacity and imports increase. The revenue is actually higher than last year which was only Rp 4.191 trillion.
However, because of higher distribution costs make profits become depressed. Additionally, the increased cost of sales and administrative as well as financial costs, have an impact on short-term profits.
Nevertheless, President Director, Eamon Ginley convey, the general performance of Holcim are on the rise. It can be seen from the increase in gross profit of 33 percent to 35 percent. Holcim also has distributed interim dividend of Rp 37 per share to be paid, 15% greater than the interim dividend last year.
“With this dividend, for sure Holcim continues to provide benefits to its shareholders, and to continue to implement strategies based on adding value to customers, and maximize the efficiency of capacity,” Ginley said in a release received Suara Merdeka.
Holcim Indonesia is currently working in the middle market of excess supply conditions. However, he expects this condition is temporary.
Cement demand continued to grow consistently in the medium and long term, because the Indonesian economy continues to grow. This is supported by the existence of government and private sector investment in infrastructure and housing needs is also continuing. Therefore, the development of new plant proyen Holcim in Tuban, East Java, will provide benefits to the company.
“The cost of distribution to major markets in East Java to be more efficient, and will ensure smooth supply and better service for customers,” adds Ginley.
1 Tuban cement plant will produce 1.7 million tons of cement per year and will start in accordance with the planned schedule. Cement mill will begin operations on in August this year.

SBY Promises Promote Lumajang Banana chips to Europe

President Susilo Bambang Yudhoyono (SBY) banana chips production appreciate the home-based business in Lumajang, East Java.

SBY presence in order to Lumajang Ramadan safari along with several ministers. He took time to review the kirana farmers cultivating bananas and cottage industry in the village of process banana chips Burno, District Senduro.

Remarkably, despite a cottage industry, banana chips production there has been exported to foreign countries, such as Singapore and Hong Kong. Yudhoyono also promised to market the entrepreneur of Lumajang banana chips can penetrate the European market.

In addition to chips, cottage industry in the village Burno also produce jams that basic ingredients of banana kirana also.