Company News
Agel Langgeng Intends to Go Public
Bisnis Indonesia, page B2, 2006-02-15
PT Agel Langgeng, the subsidiary of coffee producer Kapal Api PT Santos Jaya Abadi, plans to make an initial public offering. While waiting for the right time, the company is in the middle of improving its management. The company still has not pointed out an emissions warranty institute for this IPO, nor has it made a decision on the total amount of funds to be gathered. It plans to use the IPO fund for expansion.
Agel Langgeng has a target market of 15 - 16 percent. Out of the total 80 percent need for sugar, around 50 percent is still imported. However, Agel’s growth is still good reaching 20 - 30 percent.
The First Annual Jakarta Coffee and Tea Festival
www.kompas.co.id, 2003-04-28
Due to the boom of coffee and tea enthusiasts and increasing number of cafes in Jakarta, the 2003 (First) Annual Jakarta Coffee and Tea Festival was held to educate consumers of the benefit of consuming coffee and tea. PT Santos Jaya Abadi, manufacturer of Kapal Api coffee, is optimistic that the event will help consumers to comprehend more about coffee and tea.
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