JAKARTA (Yosefardi) – PT Rajawali Nusantara Indonesia, through its unit PT Perkebunan Mitra Ogan, builds a crude palm oil (CPO) mill in Musi-Banyuasin, South Sumatera which costs Rp100 billion.
This CPO mill, also funded by Bank Rakyat Indonesia, is targeted to operate by late 2015.
Currently PT Perkebunan Mitra Ogan produces 90,000 tons of CPO per year. The CPO mill is expected to boost the production to reach 130,000 tons per year.
Meanwhile, media reported this morning that Rajawali Corpora, a company controlled by tycoon Peter Sondakh, will control listed plantation company PT BW Plantation Tbk (BWPT).