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Article: PMDN AND PMA PROJECTS APPROVED IN THIRD AND FOURTH WEEKS OF MAY, 2000.
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- July 25, 2000
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Domestic investment (PMDN)
BKPM issued license for at least 7 PMDN projects in the third and fourth weeks of May. The largest among the new project was proposed by PT Yappanto with a planned investment of Rp 325 billion. The company, which planned to operate in paper industry, would have an annual capacity to produce 45,000 tons of duplex paper, 30,000 tons of kraft liner and 60,000 tons of medium liner paper. The project to be built in Nganjuk, East Java, would employ 907 Indonesians and 5 expatriates.
The second largest project was proposed by PT Megah Pita Indonesia which planned to operate in insulation tape industry. The project to be built in ...