Fajar Surya to boost output

Fajar Surya to boost output

JAKARTA: Publicly listed packaging paper producer PT Fajar
Surya Wisesa secured US$72 million in syndicated loans on Monday
to finance the construction of a new paper machine to help boost
output.

The expansion, scheduled for completion by 2006, will raise
the company's annual production capacity from 500,000 tons
currently to 700,000 tons of packaging paper, according to a
media statement.

"This expansion plan will help us meet demand for industrial
and display packaging. As our existing operations with the new
paper machine will rely almost entirely on waste paper as a raw
material," said President Director Winarko Sulistyo.

At present, some 97 percent of the company's raw materials are
generated from recycled waste.

The loan facility was arranged by UOB Asia Limited. -- JP