Hasjim eyes Uzbekistan cotton-spinning plant

Hasjim eyes Uzbekistan cotton-spinning plant

JAKARTA (JP): Businessman Hasjim Djojohadikusumo, through his
company PT Prima Komexindo, plans to build a cotton-spinning
factory in Uzbekistan with an investment of almost US$30 million.

Hasjim was reported yesterday by Antara as saying that a
feasibility study was being conducted, soon to be followed by the
construction of the facility. The news agency did not state when
the construction was scheduled to begin.

Hasjim said the feasibility study would cover aspects such as
transportation between Uzbekistan and Indonesia and assess what
facilities would be provided by the Uzbekistani government to
investors in that country.

He said that the cotton thread to be manufactured by the
spinning plant would be sold to companies in Indonesia.
Uzbekistan is a major cotton producer.

Hasjim said many Indonesian companies, such as those owned by
the Bakrie Group, Texmaco and Rajawali Nusantara, have expressed
interest in investing in cotton-spinning factories in Uzbekistan.
But so far, he said, only Prima Komexindo has come forward with a
concrete investment plan. (pwn)