Wed, 23 Feb 2011
From: Reuters
SINGAPORE Feb 23 (Reuters) - Singapore-listed palm oil firm Wilmar International said its planned $900 million investment in Indonesia is likely to be disbursed over three years.

"Every year we invest about $200-300 million in Indonesia, so this investment may be spread out over a number of years, possibly three years," chief operating officer Martua Sitorus told Reuters on the sideline of the company's results briefing.

Separately, Wilmar CEO Kuok Khoon Hong said margins for its consumer product business in China will likely remain under pressure with the government asking producers not to raise prices until at least March to deal with rising inflation. (Reporting by Harry Suhartono)



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