Reporter: Muhammad Julian |Editor: Tendi MahadiKONTAN.CO.ID - JAKARTA.PT Intanwijaya Internasional Tbk (INCI) targets a sales target of Rp 450 billion this year.The majority of the sales are planned to come from sales of urea, melamine and phenol formaldehyde resin."The total (sales target) for urea, melamine and phenol formaldehyde resin products is Rp 429 billion, for urea formaldehyde powder Rp 6 billion, for formalin and others Rp 15 billion so that the total sales target for 2022 is Rp 450 billion," said the INCI Director. , Sondy Ardy in the public expose, Tuesday (5/7).INCI is a company engaged in the chemical industry.The majority of its customers are plywood and particle board companies.Currently, INCI has 2 existing factories to support the company's business.One of them is located in Banjarmasin, while the other is located in Semarang.INCI's Banjarmasin factory has a production capacity of 36,000 metric tons (MT) for formaldehyde and 60,000 MT for urea, melamine and phenol formaldehyde resin liquid & powder per year.Also Read: PP Properti (PPRO) Sells 11.7% BIJB Aerocity Shares to Manakib RezekiMeanwhile, INCI's factory located in Semarang has a production capacity of 65,000 MT for formaldehyde and 90,000 MT for urea, melamine and phenol formaldehyde resin liquid per year.To achieve the sales target that has been set, INCI plans to produce 68,300 tons of urea, melamine and phenol formaldehyde resins, 500 tons of urea formaldehyde powder, and 48,700 tons of formalin and others.Thus, INCI's planned total production in 2022 is 117,500 tons.Throughout January-March 2022, INCI has recorded net sales of Rp 136.98 billion, an increase of 32.72% compared to the realization in January-March 2021 which amounted to Rp 103.21 billion.From these sales, INCI pocketed profit attributable to the owner of the parent entity, aka net profit of Rp. 8.24 billion in January-March 2022. This amount exceeded INCI's net profit in January-March 2021 which amounted to Rp. 2.77 billion.Also Read: Haunted by Interest Rate Increases, Check out the Puradelta Lestari (DMAS) StrategyIn addition to overseeing production activities, INCI also budgets capital expenditures (capex) of around Rp 6 billion - Rp 8 billion for maintenance of factory facilities."Of course, not much has been absorbed, because we set the capex in accordance with the cash flow and in accordance with the planning in factory operations," added Sondy.Check other News and Articles on Google News