PTPN X sets aside rp496 billion for investment

Jakarta (ANTARA News) - State-owned plantation company PT Perkebunan Nusantara (PTPN) X said it will set aside Rp496 billion for investment this year or more than doubling its investment of Rp237 billion last year.

PTPN X President Director Subiyono said the fund would be used for routine investment and business expansion.

With the investment, the company would increase the productivity of its sugar plantation and its sugar production, Subyono said here on Tuesday.

He said the company would revitalize its sugar factories to optimize their milling capacity .

He said the million capacity of the company`s sugar factories would be increased to 41,000 tons of cane per day in 2014 from 37,135 TCD at present (*). 

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