MOLI Budgets IDR 80 Billion Capex This Year To Improve Product Quality

Photo: Special

PT Madusari Murni Indah Tbk (MOLI) projects sales or revenues of IDR 1.44 trillion in 2025. This figure grew by about 5 percent when compared to the previous year's realization of IDR 1.37 trillion. This growth was driven by an increase in export sales volume and a strong US dollar exchange rate.

To support the performance growth target, MOLI Director, Jose Gonjoran Tan said, the company has budgeted a capital expenditure (capex) of IDR 80 billion by 2025.

"This fund will be used to improve product efficiency and quality through the upgrade of manufacturing facilities," he said, in a virtual Public Expose event, which was held, Tuesday, June 24.

He admitted that the company is still facing challenges this year. Among other things, oversupply ethanol in the domestic market, zero tariffs on imported ethanol from Pakistan, and a lack of regulatory control over exports of raw materials.

"Therefore, the strategy implemented by the company is to focus on a higher quality niche market and a better margin, as well as the development of new products through research and development," he said.

In the midst of the challenges faced, according to Jose Tan, the company always sees several opportunities. In this case, MOLI sees opportunities from the strong US dollar exchange rate and the government's promising program on Bioethenol for the ethanol industry in Indonesia.

"The strategy applied by the company this time is to develop a new export market and support the government's need for Bioethenol," he explained.