At present, our company sees an increase in our manufacturing orders and transaction value, with the logistics and mining industries being the current backbone for our companyJakarta (ANTARA) - Truck and commercial vehicles coachbuilding company PT Harapan Duta Pertiwi Tbk, listed at the Indonesian Stock Exchange as HOPE, is optimistic of a recovery in the demand for custom trucks and commercial vehicles this year.
"We are optimistic of demand for coachbuilding’s body production in 2021 to increase from 2020. We also noticed a recent increase in the price of commodities, particularly coal, which were causal to increasing the coachbuilding order from our customers at the moment," CEO of PT Harapan Duta Pertiwi Tbk Kevin Jong stated.
Jong pointed out that Indonesia's coachbuilding industry was affected by the COVID-19 pandemic, especially when the enforced public activities restriction from early 2020 forced a halt to the production line as manufacturing orders dwindled.
He noticed that custom body orders from customers received by his company began to increase in the recent three months, mostly from logistics and mining factories.
"At present, our company sees an increase in our manufacturing orders and transaction value, with the logistics and mining industries being the current backbone for our company," Jong affirmed.
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As the country began to recover from the COVID-19 pandemic, apparent from the downgrading in the level of activities restriction enforcement (PPKM) in various regions and rapidly increasing vaccination rates, he is optimistic of economic recovery as well.
"If the government decided to rescind the PPKM order once the situation is safe and the vaccination coverage rate continues to increase, I am convinced our economy will recover in no time," he stated.
PT Harapan Duta Pertiwi Tbk was established in 2005 and specialises in truck and commercial vehicles coachbuilding. The company has received orders for various custom-made vehicle bodies, such as oil tanker trucks, cement mixers, and custom logistic transporter trailers.
The company has been listed at the Indonesia Stock Exchange, with its initial public offering on May 24, 2021. It is the 17th company to be listed on the stock exchange in 2021.
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Translator: Citro Atmoko, Nabil Ihsan
Editor: Fardah Assegaf
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