Perhutani wants 14.6% increase in revenue<\/p>\n
JAKARTA (JP): State-owned forestry company Perum Perhutani
\nannounced yesterday that it expected Rp 1.01 trillion (US$134.66
\nmillion) in revenues, up 14.6 percent from the Rp 881 billion the
\nprevious year.<\/p>\n
Perhutani's president H.M Harnanto said that his company would
\nnot only raise production but also improve efficiency to achieve
\nthe target.<\/p>\n
Perhutani will cut all expenses to minimize the impact of the
\ncrisis, which has hit the country since July last year, he said
\nat the opening of the company's annual plenary meeting Wednesday.<\/p>\n
The meeting was officially opened by the Minister of Forestry
\nDjamaludin Suryohadikusumo.<\/p>\n
Harnanto also said that Perhutani's revenue of Rp 881 billion
\nlast year exceeded the target despite the decline in the sales
\nsince in July.<\/p>\n
He said that the declining was mainly caused by the sluggish
\ndemand for wood and wood-related products in the domestic and
\noverseas market and the products' low prices in overseas.<\/p>\n
\"For this year, Perhutani will increase its exports in line
\nwith the government's policy to earn more foreign exchange by
\nboosting exports,\" he said.<\/p>\n
Harnanto said that the company's export last year reached Rp
\n231.7 billion (US$48.8 million) up from Rp 195.6 billion gained
\nin 1996. Most of which came from selling garden furniture in the
\noverseas market, which worth US$30 million.<\/p>\n
Perhutani, founded in 1972, currently manages some 2.5 million
\nhectares of forests on Java, most of which are teak plantations.<\/p>\n
The company, which has teak and pine plantations as its core
\nbusiness, earns 75 percent of its total revenue from the sales of
\nteakwood.<\/p>\n
Seventy-two percent of the revenue from teakwood sales come
\nfrom the domestic market and the remaining 28 percent from
\nexports.<\/p>\n
Up to 86 percent of the revenue from the domestic market was
\ngenerated by the sales of teak logs and the remaining 14 percent
\nby the sales of processed wood and non-wood forest products.<\/p>\n
About 71 percent of Perhutani's export earnings came from the
\nsales of finished teak and other timber, and the remaining 71
\npercent from nonwood forest products such as gum resin and
\nturpentine.<\/p>\n
Gum resin contributes the most to the company's revenue from
\nnonwood forest products. Gum resin exports last year reached
\nUS$27.2 million up 13 percent from its initial target.<\/p>\n
Meanwhile, Harnanto said that Perhutani's forest security
\npatrols last year managed to salvage stolen and smuggled timber
\nworth up to Rp 2.2 billion. The company also suffered Rp 447
\nmillion losses due to last year's forest fires which razed around
\n44,000 hectares of its area. (gis)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/perhutani-wants-146-increase-in-revenue-1447893297",
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