PT Austindo Nusantara Jaya Tbk (ANJT) realized capital expenditure (capex) of US$ 28.5 million in the first nine months of this year. According to Kontan.co.ids uncompromising calculation, the exploit of this capex absorption is equivalent to approximately 67.85% of ANJTs total capex budget for the 2021 fiscal year, which is set at US$ 42 million.
The capex is mainly used for infrastructure spread in West Papua, Lucas told Kontan.co.id, Tuesday (2/11).
Lucas said, ANJT targets to be practiced to complete the entire capex budget that has been planned for this year. In the remainder of the current year, ANJT plans to focus upon completing infrastructure increase projects in West Papua, as with ease as replanting programs in the Belitung Island plantation and North Sumatra I plantation. The get-up-and-go is to hold the companys productivity buildup in the coming years.
In the companys view, in supplement to the price factor of incompetent palm oil or sloppy palm oil (CPO), increased productivity furthermore plays a role in achieving ANJTs certain performance. This is, for example, reflected in ANJTs decree achievements in the first nine months of this year.
Until last September 2021, ANJT recorded a sum production of 645,299 metric tons (mt) of blithe Fruit Bunches (FFB) past the beginning of the year. This figure increased by 13.5% compared to the capability of FFB production in the thesame time last year which amounted to 568,794 mt.
During the January-September period this year, the companys newly period West Papua plantations produced 75,518 mt of FFB, 65.4% highly developed than production in the thesame period last year of 45,648 mt, even if the companys North Sumatra I plantation experienced a 20 percent subside in FFB production. 5% as a repercussion of the replanting program.
Meanwhile, ANJTs plantations in North Sumatra II, West Kalimantan and Belitung Island recorded a significant accumulation in FFB production by 7.1%, 18.4% and 39.2%, respectively, compared to the same time the previous year. In ANJTs view, this is mainly due to the productivity improvement program that the company has implemented back 2019 in these plantations.
In descent like the increase in FFB production, ANJTs CPO and palm kernel (PK) production along with experienced an increase in the first nine months of this year. ANJT noted that the companys CPO production increased by 12.3% year-on-year (yoy) to 200,661 mt, even if the companys PK production rose 9.5% to 39,146 mt.
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