Cahaya Sakti to increase production<\/p>\n
JAKARTA (JP): PT Cahaya Sakti Furintraco, which claims to
\ncontrol 60 percent of the panel furniture market in Indonesia
\nwith its Olympic brand, plans to expand its manufacturing
\ncapacity by up to threefold.<\/p>\n
The company's president, Au Bintoro, told journalists on
\nSaturday that his company's 15-hectare production facilities in
\nBogor, south of here, could no longer accommodate the growing
\ndemand.<\/p>\n
He said his company could supply only 80 percent of all
\ndomestic demand addressed to it and only 30 percent of all
\nforeign demand.<\/p>\n
Bintoro did not specify his company's production capacity but
\nsaid that his company produces over 1,000 models of furniture,
\nfrom kitchen cabinets to bedroom accessories.<\/p>\n
\"We cannot detail our production capacity with the number of
\nfurniture but I can give you our annual sales,\" Bintoro said.<\/p>\n
Last year, the company's sales reached Rp 100 billion (US$45
\nmillion), 20 percent of it being from exports, while its net
\nprofit was recorded at Rp 11 billion.<\/p>\n
Bintoro said the new expanded production facilities will
\noccupy some 70 hectares of land. However, he decline to disclose
\nthe amount of investment needed for the expansion.<\/p>\n
To finance its expansion program, Bintoro said, the company
\nplans to float shares on the Jakarta Stock Exchange next year.
\n(rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/cahaya-sakti-to-increase-production-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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