Saturday, March 28 2015

PTPN XIV Needs IDR2.7 Trillion To Expand Business

Amri Nur Rahmat, Intan Permatasari Thursday, January 23 2014, 12:01 pm

MAKASSAR— PT Perkebunan Nusantara XIV (Persero) states it now needs IDR2.7 trillion investment fund to develop its palm oil and rubber business.President Director of PTPN XIV Budi Purnomo said the fund will be spent on optimizing land for palm plantation measuring 60,000 hectares and developing rubber commodity which also becomes its business. “The land reaches 60,000 hectares. It is expected to be carried out soon with IDR2.7 trillion investment,” he said, Wednesday (1/22).He argued the company’s land for palm oil plantation is in 5 locations, three of them are in South Sulawesi, namely PKS Luwu I, PKS Malili and PKS Keera, while the others are in Central Sulawesi (PKS Tomata) and in Southeast Sulawesi (PKS Asera).After that, Purnomo said, CPO production can reach around 12,000 tons/month, increasing significantly than the current production at around 5,000 t ...

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