Performance PT Garam (Persero) until the first quarter of 2013 was still less than satisfactory due to the decreased production of salt. This was stated by Minister of State Owned Enterprises (SOEs) Dahlan Iskan. Even so, the former president director of PLN is informed with the condition.
“Salt is still bad performance. See it continues to rain, wet dry so it can not harvest the salt. These three months can not be production, but because of the weather so what can we do,” Dahlan said in Jakarta on Monday (22/7).
Dahlan stated that the manufacturer and distributor of salt salt production recorded a decrease to 40 percent due to weather uncertainty. In addition to salt, some sugar mills owned owned company also decreased production.
“If the sugar factory is still good, but not as good as planned. Farmers can not harvest cane, difficult and high cost of transport, wet mud and cane sweetness level is also declining,” said Dahlan.
Eating, Dahlan says, red plate sugar financial statements have not been better than last year. “Growth slumped 30 percent,” he said.
Plantations PT Nusantara X (Persero) drizzle investment of Rp 145.3 billion to revitalize the sugar mill (PG) in PG Krembong, Sidoarjo. Investment includes the purchase of new machinery to increase capacity of 1,600 tons of cane per day (TCD) to 2,300 TCD.
Director of PTPN X Subiyono said the importance of pushing the PG to increase production capacity. Because there are 1847 sugar mills with small capacity in Indonesia. Where one of them is PG Krembong.
“Revitalization PG Kremboong will be PG-capacity model of the development of small to medium scale PG with large-scale business that is not only sugar but also produce electricity,” said Subiyono in a statement on Sunday (06/09/2013).
Prior PG Kremboong has 18 units of manual machines. Later changed to 2 units of automatic machine with a capacity of 1,500 kilograms per cycle. Sugar packing machine changed from an open to a closed system, so the more sterile and increase sugar production hygiene.
The machine will also serve for storage of energy by using turbines with a capacity of 4MW alternator that can produce surplus electricity. 2014 is expected to be realized by the program co-generation process bagasse into electricity to be sold to PLN.
“Program co-generation at PG Kremboong is part of an effort to optimize the economic potential of sugar cane produces not only sugar.’s Co-generation program complements a similar program that has been and will be held in PG and PG Ngadiredjo New Pesantren, Kediri,” he explained
Next is the installation of the boiler efficiency of high-pressure steam, so as to reduce loss of 2.8 percent to 2.3 percent.
In terms of quality, whiteness levels according to the scale ICUMSA (International Commission for Uniform Methods of Sugar Analysis) will drop from 180 IU to 100 IU. ICUMSA is a class standards of quality (grade) of sugar color is determined by a set of IU or International Units. Sugar ICUMSA intervals ranging 45-4600 IU. The lower the ICUMSA, the bright colors of sugar, and sugar in general is increasingly good quality.
Subiyono stated, PG Kremboong development will be integrated with other PG PG-exist in Sidoarjo, namely PG and PG Watoetoelis Toelangan. PG The third cluster included in Delta.
“In the scheme clusters, PG Kremboong be central to the development of co-generation process bagasse into electricity. Watoetoelis PG and PG Toelangan will be the supplier of sugarcane pulp. Accordingly, there is no resource is wasted in each PG,” said Subiyono
In 2013, PG Krembong targeting production of 29316.9 tons with a yield of sugar (sugar cane) is expected to reach 8.36 percent. In 2012 production reached 20 039 tons of sugar, up 7.94 percent from a year ago about 18558.5 tons.
Sugarcane land area within PG Kremboong reach 3,365 hectares in 2012, and this year is targeted to increase to 4,117 hectares. PG Krembong recorded profit growth of Rp 4, 55 billion in 2011 to Rp10, 01 billion in 2012.
Expected this year, PT Nusantara Plantation X (Persero) to issue bonds worth Rp 700 billion. Proceeds from the bond issue will be used to support the company’s expansion.
Preparation of the bond issue amid accelerated. “Using fiscal year 2012 financial statements, we expect bond issuance could take place the first half of this year,” said Finance Director PTPN X Dolly P. Pulungan in Surabaya, on Tuesday (04/09/2013).
The move has also been sanctioned mentioned the Ministry of SOEs. Later, PT Bahana Securities and PT AAA Securities to be implementing the underwriters in the issuance of these bonds.
“We get ratingA + Rating Agency of PT Indonesia (Pefindo.) This illustrates a stable outlook and the company’s performance continues to increase, so we’ll coupon bonds attractive to investors,” said Dolly P Pulungan.
The bond proceeds will be used for working capital replacement refinancing of banks with interest rates that are high enough to sustain the business three sugar mills (PG) in South Sulawesi, which Takalar PG, PG Bone, and PG Caming.
Three sugar mills, said Dolly P Pulungan, now managed by PTPN X corresponding duty of the Ministry of SOEs. With the proceeds of the bonds, the company could obtain cheaper funding costs than bank credit that has been used by the three PG.
“In the future we will be racing performance by improving the farming sector (on-farm) and processing (off-farm), especially with mechanized approach for optimal results,” added Dolly P Pulungan.
Three sugar factories in South Sulawesi, continued Dolly P Pulungan, has been working on a land area of 11,000 hectares. In the future, will be developed into 15,000 acres along the expansion.
PTPN X will apply best agricultural practices by providing superior varieties, cultivation methods are effective, and that grade plant processing systems by optimizing engine performance.
Dolly P Pulungan added, in addition to the three PG in South Sulawesi, the bond proceeds will also be devoted to boost the performance of eleven sugar factories owned by the company’s in East Java.
“We are targeting production of 538,000 tons of sugar this year, up from last year’s 494,000 tonnes. We are the market leader in national sugar industry since 2006 and until now has not been deterred,” he said.
Currently, PTPN X has 11 sugar mills in various cities in East Java, three tobacco plantations in Jember (East Java) and Klaten (Central Java), a subsidiary of the production of plastics, a subsidiary of the field of health care services, and investments in manufacturers edamame export oriented. In addition, the company was also tasked by the Ministry of SOEs to manage three PG in South Sulawesi who previously managed another state.
In addition to proceeds from the issuance of bonds, it also set up internal cash to sustain performance improvement. “We will improve the quality of the sugar with the purchase of five tools smoothing juice worth USD 25 billion, which is used to smooth juice with the ultimate goal of improving the efficiency of purification. If the quality of the sugar increases, automatic selling price of the auction will be increased. This is consequential to increase revenue,” he explained.
In 2012, PTPN X posted a pretax profit of Rp 506 billion, an increase of 140 percent compared to the achievements of 2011 amounting to Rp 210 billion.