The South Korean Korindo Group said it plans to build a new pulp factory in the country, to cost $350 million in 2009, Asia Pulse reported Monday (17/3/08).
The company already has three pulp plants with a total production capacity of 800,000 tons a year and a newsprint factory, which has exported newsprint to more than 20 countries.
Korindo Group Director Kim Hoon said the new factory will increase the company's production capacity by 200,000 tons of pulp a year.
Kim Hoon said the Korindo Group also planned to expand its industrial timber estate (HTI) in Central Kalimantan to guarantee supply of wood for its pulp factories.
The company already has 70,000 hectares of industrial timber estate to be expanded to 92,000 hectares this year.