Oct 6, 2011

Astra sets US$1.5 bio capex in 2012

Indonesia's largest auto manufacturer and distributor PT Astra International Tbk (ASII) is aiming to expand its business and put a huge capital expenditure of US$1.5 billion next year. The capex will be utilized to expand its business in the various sectors, said Gunawan Geniushardja, Astra International Director, as quoted by Kontan today.
Astra will use the largest portion of the spending to boost infrastructure business, counting 40% of the total. The expansion is held via its subsidiary such as PT Astratel Nusantara, which is currently developing three toll road concessions.

Disclosure: No position at the stock mentioned above.

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