Kuntara named Indocement commissioner

JAKARTA (JP): Major General (ret.) Kuntara, a former chief of the Army Strategic Reserve Command (Kostrad), was appointed a commissioner of PT Indocement Tunggal Prakarsa during the company's special shareholders meeting here yesterday.

Andree Halim, an old friend of Soedono Salim, alias Liem Sioe Liong, Indocement's majority shareholder, now sits on the firm's board of commissioners.

The board of commissioners of the company, one of the giant corporations listed on the Jakarta Stock Exchange (JSX), now comprises Liem, as chairman, and E. Soekasah Somawidjaya, Aang Kunaifi, the former governor of West Java, Djuhar Sutanto and Johny Djuhar as members.

Members of the executive board remain the same, comprising Sudwikatmono as the president, Anthony Salim as vice president, and Ibrahim Risjad, Teddy Djuhar, Iwa Kartiwa, Soepardjo, Daddy Hariadi, Franciscus Welirang and Benny Setiawan Santoso, all as directors.

Indocement, the largest cement producer in the country, with an annual production capacity of over eight million tons, owns a 100-percent stake in PT Bogasari Flour Mills, which has a monopoly in the wheat flour market.

Indocement is 42.4 percent owned by PT Mekar Perkasa, a company controlled by Liem and his family, 25.93 percent by the government, 12.75 percent by PT Citrabuana Dirgaputri, a firm owned by Sudwikatmono and friends, and another 18.92 percent by the investing public. (hen)