Mark Dynamics Snap the Domestic Market for its Closet Product

Mark Dynamics Indonesia, Tbk (MARK:IJ) has started the process of business expansion sanitary products this year. Since it has has completed the process of purchasing land for the factory covering an area of 10 Ha in Tanjung Morawa, North Sumatra. After operating in 2020, the company would first produce sanitary type of closet.

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As for the background of the company open a new venture is looking at the potential of the domestic market that is still great, besides maximizing opportunities in raw materials to an existing manufacturer. Since there is no closet factory seen in Sumatra, and the order should be from outside the area or even import. Plus transport fare products closet belongs to expensive due to the volume and severity that take place.

On the other hand, some research obtained Mark Dynamics getting results that Indonesia still lacks the supply closet of producers around 2-3 million pieces a year. Company will inject funds worth IDR150Bn for the purchase of means of production, the factory issued gradually in the next few years.

In the first quarter the company recorded sales of IDR78.47Bn in 2018 or increased by 54.9% from same period 2017 of IDR50.63Bn. While, for the net profit reached IDR18.04Bn or increased by 210.3% compared to the same period last year of IDR5.81Bn.