Indah Kabel to make fiber optic cables
Indah Kabel to make fiber optic cables
JAKARTA (JP): A publicly-listed cable manufacturer, PT IKI Indah Kabel Indonesia, will begin producing fiber optic telephone cables in April, a company executive said.
The company's president, K. Murata, announced after an extraordinary shareholders' meeting yesterday that the company will also produce type XLPE medium voltage electric tensile cables now used by state-owned electric company PLN. The company will also produce foam skin telephone cables.
"It was a part of our US$35 million investment plan set up two years ago after Sumitomo Industries of Japan and PT Perdana Mulia Ekasakti of Salim Group joined the company as new shareholders," said Murata.
The president declined to disclose how much money was needed to produce the fiber optic cables. The company will have the capacity to produce 300 kilometers of cable a month.
"All the details will be disclosed later in our annual general shareholders meeting," he said.
Murata said the cable market's prospects are positive this year because the Indonesian government has stepped up development in the electricity and telecommunication sectors.
"The most important thing now is how to improve the quality of our products to keep up with the demand from local companies," Murata said.
"Moreover, our production also responds to the program of newly-listed PT Telekomunikasi Indonesia to use fiber optic cables in certain areas this year," he said.
Meanwhile, a director of IKI Indah Kabel, Sulim Herman Limbono, said that the company's net sales last year increased 37 percent to approximately Rp 200 billion ($86.7 million).
Limbono declined to disclose the company's sales estimates, but said a continued rise in aluminum and copper prices will affect the company's sales.
Yesterday's meeting appointed Junsi Heru Oentaro and Kajiro Bekki as new directors, replacing Budi Setyawan and Mineya Kuno who resigned recently. Therecia Rahardjo was appointed a new commissioner.
IKI Indah Kabel is now 41 percent owned by Sumitomo Electric Industries, 16.5 percent by its founder, Fantini Loekito, 10 percent by Perdana Mulia Ekasakti of Salim Group, 5 percent by Kohar Sumandi and 27.4 percent by the investing public. (08)