Palm oil prices are still stable and high. The Covid-19 pandemic in Indonesia is increasingly under control, increasing the demand for SAMF fertilizers because around 90% of SAMF fertilizer products are absorbed for oil palm plantations. The rest are absorbed for sugarcane, coffee, cocoa, rubber, corn, and various plantations plant. Anticipating the unstoppable increase in fertilizer demand, SAMF has begun to realize the rise in factory capacity.
Starting to increase the capacity, PT Saraswanti Anugerah Makmur Tbk (SAMF) has officially partnered with one of the leading engineering contractors in Indonesia, i.e., PT Rexline Engineering Indonesia (PT REI), to increase the factory capacity of one of SAMF’s subsidiaries, PT Dupan Anugerah Lestari in Mojokerto, East Java.
Ir. Yahya Taufik as the President Director of SAMF and Rahul Thutiyil representing PT REI some time ago signed a cooperation contract at the Head Office of PT Saraswanti Anugerah Makmur Tbk, Surabaya. The signing was also witnessed by the President Commissioner of SAMF, Noegroho Hari Hardono.
This contract worth Rp64 billion will be used to carry out the assembly and installation of 1 line of NPK Granule machines with a production capacity of 100,000 tons at the SAMF subsidiary factory, as well as an effort to boost the process of increasing factory capacity from 600,000 tons/year to 700,000 tons/year.
By signing this contract, Ir. Yahya Taufik hopes that he will optimize the process of increasing factory capacity so that SAMF can meet the increasing demand for fertilizers.
For now, the construction of production line supporting facilities has entered final progress, where production machines will arrive in January 2022, and we expect to use them for the production process at the end of the 2nd quarter of 2022.
For more information:
PT Saraswanti Anugerah Makmur Tbk
corsec@saraswanti.com
investor.relation@saraswanti.com
