Pupuk Sriwijaya seeks investor<\/p>\n
JAKARTA (JP): State-owned fertilizer producer PT Pupuk
\nSriwijaya announced on Thursday that it would go ahead with plans
\nto build the so-called Kujang 1B project worth US$350 million.<\/p>\n
Company Chairman Zaenal Soedjais said negotiations with
\npotential local and foreign investors were still underway,
\nthough.<\/p>\n
\"I am optimistic that this multi-million project will go ahead
\nand the negotiations will be completed by the end of the year,\"
\nhe told The Jakarta Post on Tuesday before delivering a speech at
\nthe 2001 Indonesia International Chemical Exhibition and
\nConference.<\/p>\n
Zaenal explained that the company was currently finalizing a
\ndeal with a Japan-based investor willing to provide $150 million
\nin return for a stake in the project.<\/p>\n
\"Generally, we have agreed on the terms of conditions. But
\nthere are still some technical matters to be discussed,\" he
\nadded. He refused to name the company.<\/p>\n
As for the other $200 million, Zaenal preferred that it came
\nfrom local investors.(10)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pupuk-sriwijaya-seeks-investor-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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