Indocement to Invest $1.5 Billion

Indocement to Invest $1.5 Billion

JAKARTA (Yosefardi) – Cement producer PT Indocement Tunggal Prakarsa Tbk (INTP) plans to invest US$1-1.5 billion until 2018, to fund the new cement mills establishment projects in Central Java and North Sumatra. Each cement mill will have production capacity of...

Indah Kiat’s Profit Drops 41.5%

JAKARTA (Yosefardi) – Pulp producer PT Indah Kiat Pulp & Paper Tbk (INKP) booked net profit of US$50 million in first half of this year, dropped 41.5% from US$86 million in the same period of last year. Revenues declined 7.3% to US$1.27 billion from previous...

IFC to Loan $799 Million to Panca Amara

JAKARTA (Yosefardi) – International Finance Corporation (IFC), member of World Bank, will loan US$799 million, equivalent Rp9.2 trillion to PT Panca Amara Utama, subsidiary of PT Surya Esa Perkasa Tbk (ESSA). The loan will be used to fund ammonia plant in Luwuk,...

Chandra Asri’s Profit Jumps 35.7%

JAKARTA (Yosefardi) – PT Chandra Asri Petrochemical Tbk booked net profit of US$6.78 million in first half of 2014, jumped 35.7% from US$4.99 million in the same period of last year. Revenues increased 6.5% to Rp1.29 billion from previous US$1.22 billion. Cost...
Indah Kiat Eyes 5% Growth in Revenue

Indah Kiat Eyes 5% Growth in Revenue

JAKARTA (Yosefardi) – Pulp producer PT Indah Kiat Pulp & Paper Tbk (INKP) targets its revenues to grow by 5% this year, from US$2.65 billion last year. It booked net profit of US$221.1 million. In first quarter of this year, INKP reported net sales of US$637.5...