JAKARTA (Yosefardi) – Chemical producer and distributor PT Lautan Luas Tbk (LTLS) and its unit Lautan Luas Singapore Pte Ltd set up new company PT Lautan Sweetener Indonesia, engages in glucose industry.
Subakti Setiawan serves as president director of the company while Tjintya Vagranty serves as director. Indrawan Masrin acts as president commissioner, supported by Jimmy Masrin as commissioner.
LTLS also said its unit PT Lautan Natural Krimerindo has in March 13, 2015 added its capital by Rp20 billion, to total Rp102.02 billion.
The company allocates capital expenditure (capex) of Rp250 billion for this year, to help funding its main projects such as logistic warehouse in Semper, Tanjung Priok, plant expansion in Mojosari, and chemical plant construction in Tangerang.