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Article: Bakrie plantations to acquire plantation in Liberia.(CORPORATE NEWS IN BRIEF)(P.T. Bakrie Sumatera Plantation Tbk)(Brief article)
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- September 1, 2009
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PT Bakrie Sumatera Plantations Tk has set aside US$10 million to finance investment in Liberia through its subsidiary Bakrie Liberia Plantations BV. Bakrie Plantations President Ambono Janurianto said the company is eyeing 200,000 acres of land in that country to be used for plantation land under a 100 year concession. Around US$10 million will be need din the first has to build facilities in the land. Currently the company is negotiating with the Liberian government on its plan to acquire the land of which 4,000 acres are already cultivated with rubber and 6,000 acred with oil palm. The company, which has plantations in Sumatra recorded sales valued at Rp1.24 trillion in ...