Publicly traded agribusiness company PT Astra Agro Lestari said it will secure a loan of US$150 million in July to finance business expansion.
The subsidiary of Astra International, plans to build crude palm oil processing factories in East Kalimantan, a company director Santosa said.
The company will build two factories respectively with a processing capacity of 30 tons and 45 tons of fresh fruit bunches per hour, Santosa said.
In addition the company will finish the construction of a CPO factory now being built in Jambi this year, he said.
Astra Agro hopes to start harvest from 57,000 hectares of oil palm plantations in the next three to four years, the newspaper Investor Daily said.
In the first quarter of this year the company reported Rp1.4 trillion (US$135.8 million) in net income, down 38 per cent from the same period last year with net profit shrinking 74 per cent to Rp217.7 billion on weak demand since the last quarter of 2008.
Tidak ada komentar:
Posting Komentar