{
    "success": true,
    "data": {
        "id": 1061115,
        "msgid": "glucose-venture-set-up-1447893297",
        "date": "1996-04-03 00:00:00",
        "title": "Glucose venture set up",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Glucose venture set up JAKARTA (JP): The publicly-listed PT Budi Acid Jaya announced yesterday that it has received approval from the Investment Coordinating Board to set up a US$18 million glucose and high fructose plant. The new plant, to be called PT Associated British Budi, is a joint venture between Budi Acid and British Sugar Overseas Ltd., a subsidiary of the publicly-listed Associated British Foods.",
        "content": "<p>Glucose venture set up<\/p>\n<p>JAKARTA (JP): The publicly-listed PT Budi Acid Jaya announced<br>\nyesterday that it has received approval from the Investment<br>\nCoordinating Board to set up a US$18 million glucose and high<br>\nfructose plant.<\/p>\n<p>The new plant, to be called PT Associated British Budi, is a<br>\njoint venture between Budi Acid and British Sugar Overseas Ltd.,<br>\na subsidiary of the publicly-listed Associated British Foods.<\/p>\n<p>The company said that Budi Acid will take a 50.1 percent stake<br>\nin the new the venture and British Sugar the remaining 49.9<br>\npercent.<\/p>\n<p>The new plant in Karawang, West Java, will have a production<br>\ncapacity of 50,000 tons per annum for both glucose and high<br>\nfructose.<\/p>\n<p>&quot;We will start the plant construction soon and we expect the<br>\nnew plant to commence commercial production in early 1997,&quot; said<br>\nWinarto, the chairman of Sungai Budi Group. (08)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/glucose-venture-set-up-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}