Indorayon reiterates business strategy<\/p>\n
JAKARTA (JP): PT Inti Indorayon Utama announced yesterday the
\ntrial production of dissolving up, the main raw material for
\nrayon fiber, at its industrial complex at Porsea, North Sumatra.<\/p>\n
\"The establishment of the dissolving pulp mill is part of our
\nbusiness development strategy which focuses on three core
\nbusinesses -- specialty pulp, rayon fiber and related chemical
\nproducts,\" noted Indorayon's Corporate Secretary P. Daritan.<\/p>\n
Daritan said the new facility enabling Indorayon to produce
\nthe material makes the company, which is listed on the Jakarta
\nStock Exchange, the first integrated manufacturer of dissolving
\npulp and rayon fiber in the country.<\/p>\n
He added that the dissolving pulp mill, designed with a
\ncapacity of 180,000 tons a year, will supply the company's rayon
\nfiber plant also at Porsea which will be expanded to an annual
\ncapacity of 100,000 tons from 60,000 tons at present.<\/p>\n
The dissolving pulp mill derives its wood input from timber
\nestates developed in previously logged timber concessions in the
\nareas surrounding the Indorayon industrial complex.<\/p>\n
Daritan said Indorayon, a unit of the North Sumatra-based Raja
\nGaruda Mas Group, will further strengthen its chemical production
\nbusiness by acquiring additional chemical facilities.<\/p>\n
\"We will sell our 80-megawatt power generation plant at Porsea
\nto another subsidiary of the Raja Garuda Mas Group as part of our
\nbusiness strategy,\" he said, adding that the transaction will be
\nsubject to shareholders' approval.<\/p>\n
Daritan saw the strategy as crucial for improving the
\nefficiency and strengthening the competitiveness of Indorayon in
\nfacing global market competition.<\/p>\n
Peregrine securities company concluded in a credit research
\nreview last month that Indorayon is one of the lowest-cost
\nproducer of pulp and rayon fiber in the world. (vin)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indorayon-reiterates-business-strategy-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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