Indonesian Political, Business & Finance News

Fragrance plant built

Fragrance plant built

JAKARTA (JP): Chairman of National Export Development Agency (BPEN) Rudy Lengkong inaugurated the construction of the fragrance plant, owned by PT Naarden Indonesia of Quest International Group, in Cimanggis, Bogor, yesterday.

The agency said in a statement that the plant, billed to be the largest of its kind in the country, is expected to start production in 1996.

It said that Indonesian exports of cosmetic products had increased significantly from US$ 5.3 million in 1988 to $ 77.1 million in 1992 but fell to $29.3 million in 1993.

The agency said Indonesia now has 20 cosmetics plants to supply both the domestic and foreign market. Indonesian major markets for such products comprises the Arab Emirates, Singapore, Malaysia, Taiwan, and the Philipines.(32)

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