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PT Austindo Nusantara Jaya Tbk (ANJT) realized capital expenditure (capex) of US$ 28.5 million in the first nine months of this year. According to Kontan.co.ids coarse calculation, the attainment of this capex absorption is equivalent to approximately 67.85% of ANJTs total capex budget for the 2021 fiscal year, which is set at US$ 42 million.

The capex is mainly used for infrastructure money up front in West Papua, Lucas told Kontan.co.id, Tuesday (2/11).

Lucas said, ANJT targets to be adept to do the entire capex budget that has been planned for this year. In the remainder of the current year, ANJT plans to focus on completing infrastructure progress projects in West Papua, as without difficulty as replanting programs in the Belitung Island plantation and North Sumatra I plantation. The hope is to maintain the companys productivity addition in the coming years.

In the companys view, in accessory to the price factor of substandard palm oil or unprofessional palm oil (CPO), increased productivity furthermore plays a role in achieving ANJTs sure performance. This is, for example, reflected in ANJTs take steps achievements in the first nine months of this year.

Until last September 2021, ANJT recorded a sum production of 645,299 metric tons (mt) of roomy Fruit Bunches (FFB) back the introduction of the year. This figure increased by 13.5% compared to the completion of FFB production in the similar times last year which amounted to 568,794 mt.

During the January-September get older this year, the companys newly mature West Papua plantations produced 75,518 mt of FFB, 65.4% far ahead than production in the similar times last year of 45,648 mt, even though the companys North Sumatra I plantation experienced a 20 percent grow less in FFB production. 5% as a result of the replanting program.

Meanwhile, ANJTs plantations in North Sumatra II, West Kalimantan and Belitung Island recorded a significant layer in FFB production by 7.1%, 18.4% and 39.2%, respectively, compared to the same times the previous year. In ANJTs view, this is mainly due to the productivity money up front program that the company has implemented previously 2019 in these plantations.

In stock subsequent to the buildup in FFB production, ANJTs CPO and palm kernel (PK) production along with experienced an deposit in the first nine months of this year. ANJT noted that the companys CPO production increased by 12.3% year-on-year (yoy) to 200,661 mt, though the companys PK production rose 9.5% to 39,146 mt.

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