Guthrie to up RI palm area<\/p>\n
KUALA LUMPUR (Dow Jones): Malaysia's Kumpulan Guthrie Bhd.
\n(P.KUG) is awaiting approvals from the Indonesian government to
\nincrease its oil palm plantations there to 200,000 hectares, the
\nstate-funded Bernama news agency reported Thursday.<\/p>\n
Kumpulan currently has 11,000 hectares of oil palm plantations
\nin Sumatra and is close to acquiring another 4,000 hectares, the
\nreport quoted Chief Executive Officer Abdul Khalid Ibrahim as
\nsaying on the sidelines at an annual general meeting of the
\ncompany.<\/p>\n
\"Before June next year, we will have some form of arrangement
\nor agreement, and implementation of our plan of investment in
\nIndonesia,\" Ibrahim was quoted as saying.<\/p>\n
Higher land prices and a shortage of labor in Malaysia have
\nforced many plantation companies in Malaysia to look to Indonesia
\nfor expansion and relocation.<\/p>\n
Ibrahim said the company produced 306,295 metric tons of crude
\npalm oil in 1999, up 9 percent from production in 1998. An even
\nhigher output in 2000 will compensate for lower palm oil prices
\nthis year, he said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/guthrie-to-up-ri-palm-area-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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