BSP's profit up

BSP's profit up

JAKARTA (JP): Publicly listed PT Bakrie Sumatera Plantations
(BSP) expects to book a Rp 41.2 billion (US$17.4 million) net
income this year, up 23 percent on its Rp 33.3 billion net income
for 1995.

BSP president Hanif Bakrie said yesterday his company's rubber
plantation in Asahan regency, North Sumatra, was projected to
produce 22,750 tons a year.

"Each hectare can produce up to 1,609 tons of rubber a year
valued at around Rp 90 billion," he said.

The plantation produced various rubber products including
solid latex, crumb rubber and cream latex, he said.

He was quoted by Antara as claiming that BSP was one of the
world's best cream latex producers. Cream latex is an
antiallergenic and low protein rubber used for medical equipment.

BSP, which recently got an ISO 9002 certificate, also operates
4,000 hectares of palm oil estates in Asahan, Jambi and Pasaman
in West Sumatra and Sangau in West Kalimantan.

He said the company planned to open a palm oil plant early
next year to make 30 tons an hour. (04)