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Jakarta Post

Uni-Charm to expand output capacity after launching biggest IPO

  • News Desk

    The Jakarta Post

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Jakarta   /   Thu, December 26, 2019   /  11:54 am
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A stock trader monitors share prices on the trading floor of the Indonesia Stock Exchange (IDX). Uni-Charm Indonesia listed its shares on the IDX on Dec. 17(kompas.com/File)

The Indonesian subsidiary of Japanese diaper and feminine-care company Unicharm will use a larger part of the proceeds from its recent initial public offering (IPO), the largest this year, to expand its sanitary napkin and adult diaper production facilities. Uni-Charm Indonesia president director Yuji Ishii said about 60 percent of the Rp 1.25 trillion generated from the share sales would be used for the expansion of its sanitary napkin and adult diaper production lines. “Our company is planning to use Rp 800 billion (US$57 million) as capital expenditure (capex) to increase our production capacity,” finance director Onishi Junichiro told reporters after the listing of the company’s shares on the Indonesia Stock Exchange (IDX) on Dec. 17. With the Rp 1.25 trillion raised from the public offering, Uni-Charm Indonesia has become the largest IPO company this year,...