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Sinar Mas budget reaches Rp4 trillion |
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Indonesia
TEMPO Interactive, Jakarta: Two listed companies operating in pulp and paper production Pabrik Kertas Tjiwi Kimia (TKIM) and Indah Kiat Pulp & Paper (INKP) have prepared capital expenditures of up to US$450 million, or Rp4.185 trillion.
The company’s director Suhendra Wiriadinata said the funds would cover expenses related to factory construction and the purchase of new machinery.
For Tjiwi Kimia, a capital expenditure of US$100 million will used to complete the company’s paper machine 13 (PM-13) factory. “We expect [the factory] will be operational this July,” the director said in Jakarta on Tuesday.
By Jayadi Supriadin
Tempo Interactive
13 June 2012
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