JAKARTA. A laptop manufacturer of PT Zyrexindo Mandiri Buana Tbk (ZYRX) is building a production and logistics facility in West Java in order to increase production capacity and accelerate product distribution.

Timothy Siddik, President Director of ZYRX, mentioned that said expansion is expected to be complete at the end of 2024. With this expansion, logistics capacity is projected to increase by at least threefold.

“This expansion is a vital strategic measure for Zyrex Indonesia in order to continue developing and meeting ever-increasing market demand,” added Siddik in the official information.

For the record, said production and logistics facility will be integrated with ZYRX’s headquarter. This integration is believed to deliver higher efficiency of the workflow, starting from the raw materials, production, and quality control.

According to IDNFinancials data, ZYRX booked revenue of IDR 34.33 billion in Q1 2024 and net loss of IDR 6.9 billion. However, throughout 2023, its revenue actually reached IDR 289.63 billion, and its net profit clocked up to IDR 32.95 billion.

As of March 31, 2024, total assets were reported at IDR 475.53 billion, with cash and cash equivalent of IDR 5.13 billion, and total equity of IDR 285.47 billion. (KR/ZH)