PT Multipolar Tbk (MLPL) provide funds amounting to Rp 1 trillion for hypermart added 20 new outlets in various areas in Indonesia, including Jakarta, Sulawesi (Bau-Bau, Palopo), Borneo, Sumatra (Palembang), Pekanbaru, Dumai. The addition of new stores to support the company’s expansion outside Java.
Director of Multipolar Eddy Handoko said it will invest about USD 50-60 billion for a new booth. Last year, Multipolar has added 17 new stores in the area of Kupang and Kendari.
“This year we will add to about 20 outlets. This new stores. A new store approximately USD 50-60 billion. Mostly out of town due to growth in the retail and consumer presence in the country,” said Eddy as discussions with journalists, at the Hotel Aryaduta, Jakarta, Monday (02.04.13).
In the meantime, he said, the source of funds to meet the needs of the company’s investment in new stores acquired from internal cash. combination of working capital and suppliers, as well as bank loans.
“This share cash 50%, 20-25% suppliers, banks 10%, we use a local bank that has a national network of networks,” he said.
Later, he explained, with the addition of these stores could contribute as much as 25%. He targets, turnover company can penetrate Rp 2.5 trillion in 2013 after 20 outlets are met. In 2012, the turnover of the company reached Rp 12 trillion.