JAKARTA: After booking Rp 1.8 trillion (US$135.22 million) in revenue last year, state-owned train car maker PT INKA is set to collect Rp 2.6 trillion this year or a 48 percent increase from last year.
“Last year, our revenue target was Rp 1.6 trillion, but we could book Rp 1.8 trillion. This year, our target is Rp 2.6 trillion,” said INKA’s senior manager secretary, public relations and corporate social responsibility Cholik Mochamad Zam-Zam on Friday as reported by kompas.com.
Because of the success, the Finance Ministry will inject Rp 1 trillion into the company that will be used to expand the factory and purchase new machines, said Cholik, adding that with the capital injection, his company was expected to achieve the target.
The company has received an order to manufacture train cars for airport railways, particularly from Soekarno-Hatta International Airport in Banten to Jakarta, he said.
INKA will also diversify its products by producing long buses and train wagons for light rail transit (LRT) projects, said Cholik.
Apart from obtaining the order for the airport project, INKA will also produce another 485 train cars for state-owned railway operator KAI to replace older cars, he added.
The company still produces train car components for export, including to Sri Lanka and Bangladesh, he added.
