$1b pulp and paper project

$1b pulp and paper project

JAKARTA (JP): The US$1 billion pulp and paper project of PT
Kiani Kertas in Berau regency, East Kalimantan, is now 80 percent
completed, according to Machnan R. Kamaluddin, president of the
company.

Kamaluddin was quoted by Antara as saying in Samarinda
yesterday that the huge project, which is being built on a 3,400
hectare site, is slated to come on stream early next year.

The paper project is designed for an annual capacity of
500,000 tons. PT Kiani Kertas is a unit of the business group run
of timber tycoon Mohammad (Bob) Hasan. (vin)