Sep 21, 2011

AKR Corporindo invests Rp800 bio

PT AKR Corporindo Tbk (AKRA) is allocating investment of Rp800 billion until 2012 to support gasoline distribution, logistic, and construction of coal transportation.
AKR Director V. Surresh said the company is expanding its gasoline distribution business, coal, and logistic in Sumatra, Kalimantan, and Sulawesi. 
He said the infrastructure construction that has been commenced since last year will be completed this year. "We use the company's internally cash flow for the investment," he said as quoted by Bisnis Indonesia today.

Disclosure: No position at the stock mentioned above.
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