Technical Evaluation and Financial Analysis on Investment Project for Retrofitting Production Machinery at Indarung IV Plant PT Semen Padang

Kevin, Muhammad (2022) Technical Evaluation and Financial Analysis on Investment Project for Retrofitting Production Machinery at Indarung IV Plant PT Semen Padang. Diploma thesis, Universitas Andalas.

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Abstract

The complexity and ambiguity of the world force companies to be more efficient while maintaining quality. PT Semen Padang is a cement manufacturing company that uses four primary raw materials for cement production: limestone, silica stone, clay, and iron sand. The quality of the material plays an essential role in the cement raw mix. In clay, the eligibility criteria are Al2O3 and H2O. Currently, the Al2O3 content tends to decrease to an 18% level of AL2O3 in Clay. This necessitates adjusting the clay requirements' capacity to pursue quality standards. Indarung IV Plant is the most affected because it is a Plant operating for a long time. The technical evaluation at the Indarung IV Plant was carried out with mechanical availability, which showed 17 machines worth below 70%. Followed by a utility analysis which shows 17 machines that have a utility shortage in meeting the required tonnage clay. The conclusion is which machines need a retrofit. Reinforcement comes in procurement through investment. So, it is necessary to do a financial analysis where this investment project requires funds of Rp28,556784,462.84 with operational costs after retrofitting Rp2,087,333,957 in the first year. So that it earns a profit of Rp11,674,480,782 in the first year. Based on the feasibility parameter, the NPV shows Rp252,784,069,179.53; IRR is 74.46%, PP is 2.02 years, and PI is 8.85. Based on the calculation of each of these feasibility parameters, it can be concluded that investment projects planned for retrofitting production machinery at Indarung IV Plant PT Semen Padang are feasible.

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