ID :
42084
Thu, 01/22/2009 - 11:52
Auther :
Shortlink :
https://www.oananews.org//node/42084
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ASAHIMAS INVESTS US$24 MILLION
Jakarta, Jan 21 (ANTARA) - Flat glass producer PT Asahimas Flat Glass (AMFG) is investing US$24 million in the purchase of machines and other production means and coating glass installation facilities, AMFG corporate affairs manager Rusli Pranadi said.
"The purchase of machines and other production means included that of AGC Flat Glass Europe SA worth US$14.2 million. With the rupiah exchange rate standing at Rp11,000 per US dollar, the value of the equipment is equivalent to Rp156.2 billion," Pranadi told the Jakarta Stock Exchange on Wednesday.
He said that the funds were also used to purchase coating machines and spare parts, as well as Flue Gas cleansing machines. The company also assigned unaffiliated suppliers to purchase Annealing Lehr modification machines worth two million US dollars.
The remaining funds were used to finance installations and supervision by AGC Flat Glass Europe SA worth 2.7 million dollars and other spendings worth 24.5 million dollars, he said.
Rusli said that funds used for the investment were taken from the company's internal financial cash flow.
The company's cash flow as of September 30, 2008 reached Rp320.732 billion.
"The funds used to purchase the machines reached Rp269.5 billion," he added.
"The purchase of machines and other production means included that of AGC Flat Glass Europe SA worth US$14.2 million. With the rupiah exchange rate standing at Rp11,000 per US dollar, the value of the equipment is equivalent to Rp156.2 billion," Pranadi told the Jakarta Stock Exchange on Wednesday.
He said that the funds were also used to purchase coating machines and spare parts, as well as Flue Gas cleansing machines. The company also assigned unaffiliated suppliers to purchase Annealing Lehr modification machines worth two million US dollars.
The remaining funds were used to finance installations and supervision by AGC Flat Glass Europe SA worth 2.7 million dollars and other spendings worth 24.5 million dollars, he said.
Rusli said that funds used for the investment were taken from the company's internal financial cash flow.
The company's cash flow as of September 30, 2008 reached Rp320.732 billion.
"The funds used to purchase the machines reached Rp269.5 billion," he added.
