TEMPO Interactive, Jakarta:PT Bakrie Sumatera Plantation has targeted next year’s revenue to double, given its plan to acquire PT Domba Mas Agro Inti. "The result of acquiring Domba Mas can contribute more to revenues,” Bakrie Plantation financial director, Harry M. Nadir, said in Jakarta yesterday.
Harry expected the acquisition to be carried out in January 2010. Domba Mas is a plantation and an oleo-chemical processing company, producing 140.000 tons of fatty alcohol per year. However, the maximum production can only be achieved by 2011. “Next year, production will only be 28.000 to 30.000 tons, because it is only the beginning,” he said. With such a large amount of production, Bakrie Plantation wants to become the country’s biggest producer.
Bakrie Plantation also intends to expand its plantations in South Kalimantan, West Sumatra and Bengkulu to 150.000 hectares by 2012. This will begin to be realized during the first quarter of 2010 by acquiring 14.500 hectares of two palm oil plantations and 3.500 hectares of rubber plantation.