JAKARTA - PT Sariguna Primatirta Tbk (CLEO), a bottled water manufacturer, allocates capital expenditure (capex) of 2023 of IDR 300 billion.

In the public expose quoted Tuesday (6/6), Melisa Patricia, President Director of CLEO, mentioned that the company had realised capex of IDR 114 billion at the end of Q1 2023. “The fund source is the company’s internal cash,” she added.

According to Patricia, should there be the need to raise the capex, the company will seek out additional sources from banking facilities.

CLEO will add more distribution channel to up to 160 units. In 2022, the distribution network that CLEO had established clocked up to over 90 units. This distribution network aligns with the expansion of the factory capacity. The distribution network includes general trade, modern trade, and special outlets. (LK/ZH)