Kalla delays cable plant

Kalla delays cable plant

JAKARTA (JP): The Kalla Group has delayed its plan to build a
electricity cable plant due to a domestic oversupply and the
monetary turmoil.

Kalla owner Yusuf Kalla was quoted by Antara as saying in
Ujungpandang, South Sulawesi's capital, that the plant would be
built by 2000 instead of this year as initially planned.

He said the Rp 25 billion (US$7.3 million) plant, which would
be built near PT Kalla Electrical System's transformer plant and
the Makassar Industrial Estate in South Sulawesi, would market
its products in Eastern Indonesia.

He said the Kalla Group would continue to focus on
infrastructure development through its subsidiaries PT Bukaka
Teknik Utama; PT Bumi Karsa, a road contractor; its
telecommunications arm PT Bukaka Singtel; PT Kalla Inti Karsa, a
property developer; and PT Kalla Electrical Systems. (08)