JAKARTA - PT Pupuk Kalimantan Timur (Persero) throughout 2022 successfully posted a net profit of IDR 14.59 trillion.
The fertilizer factory, which is centered in Bontang, East Kalimantan, has recorded a profit of IDR 14.59 trillion, up 137 percent from last year. The performance of the collateral is quite good. Double compared to 2021," said the President Director (Managing Director) of Pupuk Kaltim Rahmad Pribadi to reporters in Jakarta, Wednesday, March 29.
Rahmad said this brilliant performance was the result of the company's work in efficiency in production costs amid rising gas prices in Indonesia.
In 2023, he continued, PKT is determined to boost production to reach the target of 2.768 million tons of ammonia, 3.399 million tons of urea, and 250,000 tons of NPK.
"The total production aims to meet approximately 3.4 million tons or about 63 percent of the national urea fertilizer needs," he said.
The plan for Pupuk Kalimantan Timur for this year is based on growth strategy principles consisting of operational and supply chain excellence, diversion excellence, and geographical expansion excellence.
The essence of implementing growth strategy is the reduction in production costs and at the same time being able to improve the quality and quantity of production and distribute it carefully.
This process is supported by the digitization of production lines and the implementation of good corporate governance. With this superior system, PKT targets to meet about 6 percent of the urea market share, about 20 percent for ammonia, and about 2 percent for NPK in Southeast Asia by 2030," he explained.
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