Surya Biru Murni Acetylene (SBMA) is Optimistic and Ready to Face Bright Prospects Approaching the End of the Year

JAKARTA - PT Surya Biru Murni Acetylene Tbk (SBMA) is ready to face bright and optimistic prospects towards the end of 2023, even in the midst of a political year in Indonesia.

SBMA Corporate Secretary Indrawijaya Rangkuti said that our unwavering commitment to innovation, resilience and adaptability positions us to thrive in this dynamic environment.

"SBMA believes that dedication to core values, coupled with the company's strategic vision, will enable us to overcome challenges and seize opportunities, ensuring a prosperous future for the company and our stakeholders," said Indrawijaya in his official statement, quoted Wednesday, September 20.

SBMA has carefully prepared a series of comprehensive strategies in anticipating Indonesia's political year. These strategies are designed to navigate a dynamic and evolving political landscape, ensuring that companies remain resilient, adaptable and ready for growth.

By closely monitoring political developments, engaging key stakeholders, and staying abreast of regulatory changes, SBM aims to safeguard its interests, foster positive relationships, and capitalize on opportunities that may arise during this critical period.

These proactive steps underscore our commitment to responsible corporate citizenship and sustainable business practices, which ultimately contribute to the long-term success and prosperity of the Indonesian economy.

In detail, SBMA has produced 302,617 M3 ASP KDON 550/700 (OLD ASP) for the period January - May 2023.

Then for the June-August period using the New ASP, the company was able to produce 1,222,277 M3 ASP KDO 1500 Y.

Furthermore, there is Filling Station production of 1,099,684 M3 and there is also Acetylene Plant product of 487 tons as of August 2023.

So far, SBMA has won 12 new contracts with customers, most recently the company won a contract to purchase liquid oxygen with PT Ono Kreasi Gasindo on September 1 2023.

In order to strengthen its position, business expansion will continue to be carried out. For the company's new contracts in the fourth quarter of this year, it already has a clear road map.

"For Balikpapan the tender is still in progress at Elnusa, for the procurement of liquid nitrogen is also in progress with Kutai Refinery Nusantara for requests for Lin's needs. And currently also in process liquid nitrogen for the needs of PT Gemilang Utama Nusantara, in Muara Wahau," concluded Indrawijaya.