SURABAYA (Yosefardi) – Daesang Corporation, holding company of PT Miwon Indonesia, plans to build sweetener factory in East Java, with investment cost of US$40 million, reported.

The Investment Coordinating Board (BKPM) has awarded principal permit to Daesang Corporation based in South Korea. The factory will be built in Gresik or Tuban, nearing to port.

While other company, Aju Corporation from South Korea is also set to invest US$80 million in factory located in Gresik or Surabaya.

Aju Corporation operates in the Concrete & Cement Product Manufacturing industry.