PT Tri Polyta Indonesia Tbk recorded IDR483 billion net profit or significantly grew up as from the 2008 net losses of IDR14 bilion.
Director & Corporate Secretary of Tri Polyta Suryandi said the soaring net profit was due particularly to the soaring sales volume last year of 385,716 tons or rose 17 percent of the 2008 achievement of 330,503 tons.
He said the rise reflected the satisfying market growth of domestic polypropylene in 2009 following the slump in 2008.
Suryandi said the soaring margin is deemed the other factors supporting the swelling net profit.
Besides, the spread of polypropylene prices, corporate product with propylene price, major raw materials, which are deemed the determinant for profit margin stood at US$328 per ton in 2009 or rose 109 percent as from US$157 per ton with Delta P in 2008.
In quarter III/2009, the company realized the production capacity rise scheme through the suspended debottlenecking project.
"The swelling production capacity from 360,000 tons into 480,000 tons per year took 18 months for the development and is estimated to start commercial operation by end of quarter I/2011," he said.
He said the debottlenecking project will increase the competitiveness and corporate ability to meet the demand for the soaring domestic polypropylene of 4-5 percent per year. The ground breaking of the project was done on January 16, 2010.
"The satisfying result gained in 2009 was the good ground for the company to use the opportunity of upcoming domestic market growth and to face the challenge of market condition," he said.
PT Tri Polyta Indonesia Tbk which is deemed the sister company of PT Chandra Asri was under the control of PT Barito Pacific Tbk (holding) owned by noted tycoon Prajogo Pangestu.
The domestic polypropylene consumption will increase into 1.1 million tons in 2012. so far, 70 percent of the company polypropylene raw materials are supplied by Chandra Asri, and some others imported.
Director & Corporate Secretary of Tri Polyta Suryandi said the soaring net profit was due particularly to the soaring sales volume last year of 385,716 tons or rose 17 percent of the 2008 achievement of 330,503 tons.
He said the rise reflected the satisfying market growth of domestic polypropylene in 2009 following the slump in 2008.
Suryandi said the soaring margin is deemed the other factors supporting the swelling net profit.
Besides, the spread of polypropylene prices, corporate product with propylene price, major raw materials, which are deemed the determinant for profit margin stood at US$328 per ton in 2009 or rose 109 percent as from US$157 per ton with Delta P in 2008.
In quarter III/2009, the company realized the production capacity rise scheme through the suspended debottlenecking project.
"The swelling production capacity from 360,000 tons into 480,000 tons per year took 18 months for the development and is estimated to start commercial operation by end of quarter I/2011," he said.
He said the debottlenecking project will increase the competitiveness and corporate ability to meet the demand for the soaring domestic polypropylene of 4-5 percent per year. The ground breaking of the project was done on January 16, 2010.
"The satisfying result gained in 2009 was the good ground for the company to use the opportunity of upcoming domestic market growth and to face the challenge of market condition," he said.
PT Tri Polyta Indonesia Tbk which is deemed the sister company of PT Chandra Asri was under the control of PT Barito Pacific Tbk (holding) owned by noted tycoon Prajogo Pangestu.
The domestic polypropylene consumption will increase into 1.1 million tons in 2012. so far, 70 percent of the company polypropylene raw materials are supplied by Chandra Asri, and some others imported.
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