PT Klinko Karya Imaji is able to produce 120 tons of textile waste into environmentally friendly cleaning tools per month. This figure is considered too small considering that textile waste in Indonesia is also very high. "According to the data we received, around 2.7 million tons of textile waste, both pre-consumed and post-consumed," said PT Klinko Karya President Director Imaji Anggun Supanji, in Jakarta, Tuesday (9/8/2022). The factory waste used by Klinko is included in the type of pre consumer waste. This means textile waste that has never been used. "So it's like waste from patchwork, from garments, from convection, from knitting waste, weaving waste and so on," he said.

The company, which was founded in 2016, has utilized 80 percent of recycled yarn as the main material for all product materials. PT Klinko Karya Imaji Tbk (KLIN) applies the recycled yarn to make cleaning products, such as mops, lobby dusters, and doormats.

According to him, in the future cleaning will be an essential product, especially after the Covid-19 pandemic. Therefore, it will continue to maintain quality and affordable costs for the community.

"We don't want it because it's recycled, then sell it at the highest price," he said.

With the advantages of these environmentally friendly products, Anggun hopes that the public can also own the company's shares through an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX). This issuer coded KLIN opened an offering at Rp100 per share.

"One of our backgrounds for the IPO, we have a company spirit because it is environmentally friendly and has a positive impact on society," said Anggun.

The Director of PT Klinko Karya, Imaji Sisse Paloma, added that products with recycled waste save more on production costs. Especially, threads that have been colored without doing the dyeing process again. "Cleaning tools that are already colored, meaning without the dyeing process," he said.

The company, continued Sisse, targets a 200% increase in revenue this year to Rp8.3 billion. One of the drivers comes from the proceeds from the IPO which will boost the company's performance.

“Revenue (this year) is IDR 8.3 billion. There is a 200% increase from last year. Funds from the IPO came in, 40 percent to build a factory and 38 percent to install machines," he said.

In addition, the company is also targeting new export markets, namely the United States and Europe. The export market is considered very potential, and is estimated to contribute IDR 1.5 billion of total revenue by the end of the year.

However, Klinko will still withhold exports of up to 35 percent of total marketing. This is due to foreign trade factors that are still experiencing disturbances.

"We still have 25 percent for export. Yes, it is still dominant (domestic)," added Anggun.