Publicly listed transportation and logistics firm PT Sidomulyo Selaras expects to diversify its services after seeing a potential to provide coal transport services in Kalimantan starting from this year.
“We have been invited by several coalminers in Kalimantan for cooperation,” president director Tjoe Mien Sasminto said in a recent press briefing, adding that project bids for such services were ongoing.
Sidomulyo, which has been in operation since 1993, specializes in transporting hazardous and toxic materials ( B3 ). It also provides logistics services for transporting crude transport in South Sumatra and Jambi.
The firm is currently participating in a tender to provide logistics services for Australia-based oil firm Cooper Energy Ltd.’s oil wells in South Sumatra, said Tjoe Mien.
Sidomulyo financial director Erwin Hardiyanto said the company had submitted paperwork related to the tender.
“The tender was recently opened. We have only submitted documents [related to the tender]. We do not know yet how many [oil] barrels we will have to transport,” said Erwin.
Sidomulyo has allocated Rp 20 billion (US$1.5 million) in capital expenditure this year, said Erwin. He added that the capex would be used to buy 25 vehicles to expand its current fleet of 362 vehicles.
The firm expects to earn Rp 137 billion in revenue this year, a 15.92 percent increase from last year’s revenue. (mrc/hwa)
Source: News Desk / The Jakarta Post
16 July 2017