Jakarta (ANTARA News) - State cement maker PT Semen Gresik is trying to reach a profit of Rp4 trillion this year, which would be a 10-15 pct increase compared to last year`s Rp3.63 trillion.

"In 2010 the company had raised its efficiency, and also this year," the company`s president director Dwi Sutjipto said here earlier this week.

Dwi said that this year`s profit will be raised by boosting production and the start of the operation of two new plants by the end of this year.

The two new plants are located respectively in Tonasa, South Sulawesi,and Tuban, East Java, with a total capacity of 5 million tons.
He said that with the two new plants total capacity will reach 25 million tons of last year`s 18.5 million tons.

"Last year we grew 5-10 pct, compared to Rp3.3 trillion in 2009," he said.

Last year`s income may reach Rp14 trillion.

He added that last year`s production was relatively stagnant due to the natural disasters disrupting production.

However, in 2011 income may increase 10 pct to Rp15.4 trillion.

Last year Semen Gresik allocated a capital expenditure (capex) of Rp5 trillion, including Rp4 trillion for business development, and the rest for routine expenses.

The source of the capex came from internal sources 60-70 pct, and the rest from external sources.

He admitted that the capex may also be obtained from bank loan facilities, including from PT Bank Mandiri and PT Bank Central Asia (BCA) totaling Rp3.5 trillion. (*)