PT Trisula Textile Industries Tbk (BELL) has just absorbed capital expenditure (capex) worth IDR 4 billion from an allocation of IDR 16 billion until September 2022. Trisula Textile Industries Director Heru Jatmiko said the capex absorption was used for machine restructuring and equipment additions. "We estimate that the BELL business will grow positively by the end of 2022 considering the trend of retail sales which is still increasing. We estimate that sales growth at the end of the year will not change much from the growth rate that we achieved until the third quarter of this year," said Heru, Sunday (11 /12).

He continued, in the third quarter of 2022, domestic market demand which was still positive helped BELL record sales of IDR 312.66 billion, an increase of 6% from IDR 293.66 billion in the same period in 2021.

Next year, BELL predicts that the business will face the challenges and shadows of the world recession.

However, BELL remains optimistic that sales will still be able to grow positively because Indonesia's economic growth is expected to remain positive.

As of 2022, growth catalysts from BELL are textile and retail products.

BELL's main strategy will still be the same, namely actively adding retail stores, along with efforts to strengthen sales through digital platforms to increase sales turnover and expand the network.

"To support online sales, BELL has strengthened its digital channels by selling on the Yukshopping.com e-commerce platform with the Trisula Group, which started in 2021," explained Heru.

In addition, BELL has also marketed its products in various marketplaces. Heru said, BELL will continue to innovate textile products, serving custom requests from customers that can be tailored to their individual needs.

He added, it is hoped that the uniform segment will be able to get back on its feet as soon as possible, bearing in mind that many companies are already operating normally.