JAKARTA (Yosefardi) – Chemical distributor PT Lautan Luas Tbk (LTLS), through its unit PT Lautan Sweetener Indonesia, plans to build Fructose plant in 2016, located in Cikande modern industrial estate with investment cost of US$40 million.
The plant is targeted to commence operation by end of 2017. LTLS allocates capital expenditure (capex) of Rp250 billion for this year.
LTLS booked revenues of Rp1.76 trillion in the first quarter of 2015. Its gross profit also improved 16% to Rp286 billion. But losses in foreign exchange translation forced LTLS to post net profit of Rp31.4 billion only, crashed 46% from the same period of 2014.