Bakrie's cooking oil mill

Bakrie's cooking oil mill

JAKARTA (JP): PT Bakrie & Brothers will build palm oil and cooking oil plants with a total investment of Rp 45 billion (US$19.56 million) in Kerawang, West Java, the company said in a statement yesterday.

The statement said the planned cooking oil mill, which will have an annual production capacity of 60,000 tons, is scheduled to start commercial production in early 1997.

The company said the palm oil plant, designed with an annual capacity of 100,000 tons, will start commercial production in the middle of 1997.

The palm oil plant will be managed by PT Kilang Vecolina and the cooking oil plant by PT Multipangan Selina. Both firms are 99 percent owned by Bakrie with the remaining one percent held by businessman Darwies Ibrahim.

The statement said Kilang Vecolina will eventually build a coconut oil mill and a food processing factory using coconut as its main basic material.

Multipangan will also diversify its business into the manufacture of instant noodles, Bakrie added but it did not give further details. (04)