JAKARTA – The plan to build palm oil factory inSingkawang, West Kalimantan, by PT Multi Agro Gemilang Plantation Tbk (MAGP) in this year seems to be postponed for the company still has financial problems.
The Secretary of PT MAGP, LaurenaMargaretha Olivia, as quoted from Kontan, Monday (16/3) said, the company has no financial yet which reachingRp150 billions.
It is planned, the finance mostly uses the internal cash, and the rest about 30% is from the banks..
Before it, the company targeted to build two new palm oil factories which are about to be operated in this year in Riau and Singkawang. The capisty of the two could be 45 tons per hour within the total investment about Rp 300 billions. But, the two are abandoned. (T3)
