Automotive Industry Rises, Dharma Polimetal Owned By Conglomerate TP Rachmat Builds Factory And Purchases Rp247 Billion Machines

Production of automotive components. (Photo: Doc. Dharma Polimetal)

JAKARTA - PT Dharma Polimetal Tbk (DRMA) steps on the gas to produce automotive components. This is in line with the rise of the automotive industry.

The company, which is part of the Triputra Group, owned by conglomerate Theodore Permadi Rachmat, continues to improve its ability to produce components in line with the incoming demand for new products from consumers.

"To make it happen, this year DRMA has expanded its factory construction and purchased new machines with a total fund of around Rp. 247 billion," said Dharma Polimetal President Director Irianto Santoso in a statement, quoted Thursday, February 24.

This step is quite reasonable considering the recent revival of the national automotive industry. Especially if you look at the sales targets launched by the Association of Indonesian Automotive Industries (Gaikindo) and the Indonesian Motorcycle Industry Association (AISI).

Gaikindo targets sales of four-wheeled vehicles to reach 900,000 units, while AISI targets sales of two-wheeled vehicles to reach 5.1 million – 5.4 million units this year.

Irianto added, looking at the company's achievements and performance in January, he is optimistic that he will be able to achieve double-digit sales growth and net profit for this year.

"To achieve this target, we must prepare all things both from a technical side, such as building factories and buying new machines to non-technical ones," added Irianto.