Carsurin Prepares Shopping Capital Of Up To IDR 85 Billion In 2024, This Is Its Allocation

JAKARTA - PT Carsurin Tbk (CRSN) has prepared a capital expenditure (capex) of IDR 80 billion to IDR 85 billion in 2024.

"Next year we plan to make a capital expenditure of IDR 80 billion to IDR 85 billion and will be divided into large amounts for the purchase of laboratory equipment, which will later have direct impact on testing in the laboratory," said Finance Director of PT Carsurin, Timothy Tjahjana, Thursday, November 16.

Timothy said that spending capital next year will be used to increase the number of laboratories and purchase laboratories so that they can increase inspection, testing, and certification.

President Director of PT Carsurin Tbk Sheila Tiwan said, in the third quarter of 2023 CRSN recorded revenue of IDR 312.95 billion. This figure, up 25.75 percent compared to the same period last year of IDR 248.85 billion.

"Income during this period was obtained from a number of business lines which included inspection, testing, certification, consulting, and product sales services," explained Sheila.

Sheila conveyed that the business in the Testing, Inspection, and Certification (TIC) sector has bright prospects, so that it can achieve the revenue target set this year of IDR 430.05 billion and IDR 507 billion by 2024.

"We believe that the company's qualified and proud performance will continue," he explained.

Sheila explained that this belief was driven by the TIC industry which experienced positive trends and stable growth in recent years due to increasing demand for high-quality products and services, as well as increasing consumer awareness about product safety and quality.

In addition, CRSN has revitalized a number of its laboratories spread across Indonesia. The laboratories that have been completely revitalized include Samarinda, Kendari, Cikarang, Palembang, Jambi, Pontianak, and Medan.

"The company also has a number of efforts to support the government's ambition to realize economic transformation in the economic green economy, blue economy and energy transition, by capturing business opportunities in it," he said.

Sheila said the company already has 8 business lines, starting from the marine business, the company's business lines are expanding until the latest is the environmental business. The company's business lines include minerals & metals, energy, system and product certification, infrastructure, digital transformation, environment & sustainability, food and agriculture, as well as marine, offshore and insurance.

Meanwhile, the series of green economic opportunities that Carsurin has captured include environmental testing and services related to greenhouse gases and carbon trading. In addition, there are opportunities in the supply chain and electric vehicle ecosystem.

Furthermore, for the blue economy sector, Sheila said there are opportunities for the marine infrastructure, maritime transport, and dangerous goods business. As for the energy transition, the company has implemented energy efficiency audits, UAV digital transformations, and services related to renewables energy such as biofuels, palm oil shells (PKS) and sustainable biomass (GGL).