Implementing Green Business, Phapros Reduces Operating Expenses by IDR 24 Billion

PT Phapros Tbk has significantly reduced the company's expenses after implementing a green business strategy. Ida Rahmi Kurniasih, the Acting President Director of Phapros, said that this substantial reduction in cost burden is the result of implementing a green business that is integrated into the company, making the management of the supply chain and product marketing more efficient.

"During the first quarter of 2024, Phapros managed to reduce around IDR 24 billion from the company's total Operating Expenses, on the other hand, we also succeeded in significantly reducing production costs by more than 22% compared to the realization of the same period in the previous year," said Ida, as quoted from the press release.

Ida added that this result is an achievement for Phapros and is proof of its commitment to generating a positive impact on the company and the environment. This achievement has also received appreciation from the Central Java Provincial Government through the Central Java Energy and Mineral Resources Office.

Phapros received the Energy and Water Saving (HEA) Movement Award in the Industrial Category, which was handed over by the Acting Governor of Central Java, Nana Sudjana.

Regarding this award, Ida added that Phapros strives to remain consistent in providing a positive impact on the community, business, and the planet.

"This consistency is evident from the continuous ideas and innovations that come from the employees themselves to reduce, recycle, and reprocess water and energy resources in the company's operations," said Ida.

Various innovations in the field of environmental conservation are also being carried out, particularly in the aspects of energy and water efficiency, to increase awareness of the importance of environmentally friendly production activities to create a sustainable business.

Although the company's performance during the first quarter of 2024 experienced pressure, the entire management team is committed to continuing to make fundamental business improvements, both in terms of operations and finance. The management believes that the moment in the first quarter of 2024 is the initial step to jump towards significant growth in the future.

This is evidenced by the company's positive cash flow up to now, as well as improvements in terms of costs.

"The lessons learned from 2023 and the first quarter of 2024 are a source of inspiration to strengthen the collaboration of all elements to achieve the targets throughout the year. Internally, we have prepared several strategies to achieve manufacturing excellence, operational excellence, and marketing excellence, supported by digitalization across all lines and based on the concepts of environment, sustainability, and governance," said Ida.