JAKARTA – PT Petrindo Jaya Kreasi Tbk (CUAN) has reportedly produced metallurgical coals in order to diversify its business portfolio.

CUAN’s metallurgical coal production started this month, carried out through one of its subsidiaries, PT Daya Bumindo Karunia (DBK).

In order to boost metallurgical coal production, DBK is currently integrating its production facility with some supporting facilities. They include fuel storage, employees’ mess, and hauling road spanning ±149 kilometres.

Michael, President Director of CUAN, outlined that the integration is aimed to promote DBK’s production and transportation in the future. In addition, Michael said, the company has partnered with PT Petrosea Tbk (PTRO) as its contractor.

“This suggests a well-maintained synergy, which will then contribute positively to the bottom line of the company,” Michael said in the information disclosure.

It is worth mentioning that all operational activities and facility construction of DBK were supported by the credit facility obtained from PT Bank Negara (Persero) Tbk (BBNI), set to a limit of IDR 2.43 trillion. (KR/ZH)