Bakrie Building China Explore Strategic Partners

The management of PT Bakrie Building Industries (BBI), one subsidiary of PT Bakrie & Brothers Tbk (BNBR) which is engaged in building material industry, exploring partnership investment with prospective strategic partners in China.

Bakrie Building intend collaborating with strategic partners to develop new products.

President and Chief Executive Officer (CEO) of Bakrie & Brothers, Bobby Gafur Umar, when it was confirmed to justify it. “Yeah, right. Now Bakrie Building management was in China to see the possibility of collaborating with strategic partners in developing products, new building materials,” said Bobby in a written statement received VIVAnews in Jakarta, Thursday, July 22, 2010.

According to Bobby, Bakrie & Brothers will continue to actively develop business in one of them through his business, Bakrie Building Industries. This investment firm could earn additional revenue target is greater after the development of business building materials production.

Bakrie & Brothers hoping Management, a portfolio company will be able to record significant sales increase in the next few years. “Bakrie Building Capacity of installed production we will improve. We needed investments amounting to Rp84 billion. The source of internal cash and bank loans,” he said.

The Company expects that, within the next two years, sales have penetrated Bakrie Building Rp1 trillion. “It certainly will bring a significant impact on revenue of Bakrie & Brothers,” said Bobby.

Bakrie Building sales target of Rp1 trillion in 2012 due to optimistic achieved a good economic performance since the last few years. During 2009, the company is able to record sales of Rp317, 7 billion.

“We are optimistic that 2010 sales could reach Rp500 billion and Rp1 trillion in 2012 to penetrate,” he said.

Bobby optimistic, who worked on the building materials business that its children have a bright future. Growth in the domestic property market, especially housing and rapidly growing middle apartment. “Growth is going to bring a positive enough impact on the industry of building materials,” he said.

Building material products generated during the Bakrie Building is used by many types of residential property. Since its establishment in 1981, the factory in West Jakarta area produces many different types of fiber cement building materials and products, metal building materials

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