The textile industry is not worried rising fuel prices

Sri fortune Isman Tbk PT (Sril) claimed to increase fuel oil (BBM) subsidy does not affect the company's operating performance. Because the textile company based in Sukoharjo, Central Java, was admitted for a long time using appropriate industry fuel the world market price.

In addition, the Director of Sril Iwan Setiawan said the company has a factory in a nearby location, so the cost in terms of the distribution of fuel use can be reduced. As a result of fuel tends to be less significant in the production process, to make sure the target company's board of directors this year do not need to be revised.

"We are optimistic that will not reduce the production of textile and garment despite rising fuel, because we all are right plant in Central Java, so it does not require high cost," he said during a press conference at the House Sril Indonesia Stock Exchange (BEI), Jakarta, Monday (17 / 6).

Because the company was upbeat this year textile and garment companies producing just the exchange floor will continue to develop the division spinning and garment division. Iwan admitted his side are prepared to add 287,000 spindle through the construction of four new plants.

"For spinning mills (spinning) will begin construction this summer and realized the end of next year, located in Sukoharjo, Central Java, which will be built on 15 acres of land," said Iwan.

While, for the garment division, the company will add 5,000 sewing machines that require about 2-5 acres of land. So with the new plant will increase the capacity to reach 2-3 times the current 8.2 million pieces.

"So that about 16.4 million pieces of apparel garment division is the target capacity. While for the garment factory to be built outside Sukoharjo but remain in Central Java," he said.
The planned construction of the new building project, the company uses capital expenditure or capital expenditure (capex) of Rp 2.4 trillion.

"About Rp 2 trillion spent on development division spinners and Rp 400 billion for the development of the garment division," he said.

Fund these capital expenditures from internal cash and bank loans. Approximately USD 1.3 billion earned from loans and the remaining 3 equtity local bank.

Sources:
http://www.merdeka.com/uang/industri-tekstil-tak-khawatir-harga-bbm-naik.html