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View all search resultsPalm oil firm Dharma Satya's capex falls short
Publicly listed palm oil producer PT Dharma Satya Nusantara (DSN) expects its capital expenditure (capex) this year to fall short of the target by 27 percent at Rp 800 billion (US$53.6 million) due to COVID-19-induced project delays.
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Publicly listed palm oil producer PT Dharma Satya Nusantara (DSN) expects its capital expenditure (capex) this year to fall short of the target by 27 percent at Rp 800 billion (US$53.6 million) due to COVID-19-induced project delays.
The company explained that partial lockdowns had delayed labor and supply inflows to two crude palm oil (CPO) processing factories being built in Kalimantan. DSN currently has 10 such factories in operation.
The new factories, work on which began in 2019 and cost roughly Rp 250 billion each, were slated for completion in 2021, DSN president director Andrianto Oetomo said on Thursday.
