Bentoel acquires cigarette maker Bintang Bola Dunia
Cigarette producers PT Bentoel Prima and PT Lestari Putra Wira Sejati have acquired 99.9% of PT Bintang Bola Dunia, a cigarette maker in Malang, East Java owned by Islamic organization Nahdatul Ulama, Asia Pulse reported Wednesday (6/2/08).
The subsidiaries of PT Bentoel International Investama bought the asset for Rp55.15 billion ($6 million) with a deal signed on January 31, Bentoel corporate secretary Satrija B Wibawa said.
Bintang Bola Dunia produces cigarette with the brand of Tali Jagat, which is quite popular in East Java, Wibawa said.
Meanwhile president of Bentoel International Nicolas B Tirtadinata said this year the company plans to buy new machines to double its production capacity from 20 billion cigarettes last year.
The subsidiaries of PT Bentoel International Investama bought the asset for Rp55.15 billion ($6 million) with a deal signed on January 31, Bentoel corporate secretary Satrija B Wibawa said.
Bintang Bola Dunia produces cigarette with the brand of Tali Jagat, which is quite popular in East Java, Wibawa said.
Meanwhile president of Bentoel International Nicolas B Tirtadinata said this year the company plans to buy new machines to double its production capacity from 20 billion cigarettes last year.