Reporter: Muhammad Julian |Editor: Tendi MahadiKONTAN.CO.ID - JAKARTA.PT Argha Karya Prima Industry Tbk is ready to leverage performance in 2021. Until the end of next year, the issuer of packaging codenamed AKPI is pursuing a sales target of around Rp. 2.4 trillion.AKPI's sales target this year is slightly higher than last year's sales target of around Rp 2.3 trillion.Optimism to pursue this target is based on the condition of the packaging market this year.Director of Argha Karya Prima Industry Jimmy Tjahjanto assessed that the prospect of the packaging business this year is still quite promising because it is supported by demand from the food and beverage sector (mamin), which is a primary need.Also Read: Business diversification to market deepening, this is HOKI's business agenda in 2021"With the level of public awareness that is increasingly obedient to cleanliness, of course, packaging will be more needed at this time," Jimmy said to Kontan.co.id, Monday (4/1).So far, AKPI's packaging products have mostly targeted the consumer goods sector, especially the food and beverage industry.The rest, the company's packaging products also target other products, cigarettes, paper lamination, adhesive tape, and others.However, Jimmy did not elaborate on the composition of the contribution of each of these sectors in the company's sales.To extract existing market opportunities, AKPI has budgeted a capital expenditure (capex) of around US$ 30 million from internal cash and bank funding to complete the expansion agenda for adding capacity for the Biaxially Oriented Polypropylene (BOPP) packaging business line.According to Jimmy's explanation, the total new BOPP line has a production capacity of around 24,000 tons per year.The target is that the new production line can operate commercially in October or November this year.In addition to increasing capacity, AKPI also plans to continue to develop markets in regions such as Asia, Africa, and Europe.Taking a peek at the interim financial report as of September 30, 2020, the company's sales in the Asia (non-Middle East) region during January-September 2020 reached IDR 327.07 billion or equivalent to 19.65% of total sales in that period.Read also: Do efficiency, Supreme Cable Manufacturing (SCCO) buys Setia Pratama Lestari assetsFurthermore, in the same period, sales in the African region reached Rp. 76.58 billion (4.60%), while sales in the European region were recorded at Rp. 19.72 billion (1.18%).Meanwhile, the largest sales contribution came from sales in the Indonesian region with a value of Rp 1.08 trillion or equivalent to 65.20% of total AKPI sales during January-September 2020. The rest, AKPI sales in this period targeted several regions such as America, Middle East, as well as Australia and New Zealand.Although he plans to develop the export market, Jimmy emphasized that AKPI will continue to maintain the domestic market, but he did not explain further whether the company's domestic sales contribution portion will decrease, remain, or even increase this year."For the domestic market, it will be maintained," added Jimmy briefly.Next up: Waskita Karya (WSKT) aims to get a new contract of IDR 32 trillion in 2021Check other News and Articles on Google News