Opens A 2,000 Square Meter Outlet In Magelang, Ace Hardware Owned By Conglomerate Kuncoro Wibowo Continues To Expand Its Business Wings

Photo: Doc. Ace Hardware

JAKARTA - PT Ace Hardware Indonesia Tbk (ACES) continues to 'press the gas' expansion this year. The retail company owned by the conglomerate Kuncoro Wibowo has again added new outlets.

This time, the company opened an outlet in Tidar, Magelang, Central Java. "This outlet is the eighth store to open in 2022," said Ace Hardware Corporate Secretary Helen Tanzil in an information disclosure to the Indonesia Stock Exchange, Wednesday, June 22.

Helen explained, the outlet stands on an area of 2,000 square meters. With the opening of outlets in Tidar, Helen said, the company already has 222 outlets in various regions.

"Opening outlets is part of the company's development strategy," said Helen added.

Previously, the company opened its 220th and 221st outlets in Mataram, Lombok, West Nusa Tenggara and Veterans, Palembang, South Sumatra.

The outlet in Mataram has an area of 1,200 square meters. Meanwhile, the outlets in Palembang are located on an area of 700 square meters.