Muliaglass to raise capacity

Muliaglass to raise capacity

JAKARTA (JP): PT Muliaglass, a subsidiary of publicly-listed
company PT Mulia Industrindo, will increase its glass sheet
production capacity from 540,000 tons to 750,000 tons per annum
through the establishment its third plant.

The construction of the new plant, which will be financed with
a US$48 million loan from Eka Gunatama Mandiri, is intended to
meet the increasing demand for glass sheets, Hendra Heryadi
Widjonarko, the president of PT Mulia Industrindo, said in a
statement released yesterday.

He predicted that the company's net profit would increase by
80 percent in 1995 to Rp 66 billion ($30 million), up from Rp 37
billion in 1994.

Mulia Industrindo is 80 percent owned by the widely-
diversified Mulia Group and 20 percent by the investing
public.(04)