New oil palm estates

New oil palm estates

JAKARTA (JP): Eight Indonesian and Malaysian private firms
will establish 50,783 hectares of oil palm plantations in South
Sumatra's Lahat regency, an official said.

Lahat Regent Solichin Daud was quoted by Antara yesterday as
saying that the Medan-based PT Pan London Sumatera Plantation and
seven Malaysian companies had committed large investments to the
plantations.

The news agency did not mention the sum of the investments.

The Malaysian firms are PT Multrada Multi Maju, PT Perjapin
Prima, PT Arta Prigel, PT Aditarwan, PT Padang Bolak Jaya, PT Eka
Jaya Multi Perkasa and PT Tri Mitra Sumber Perkasa.

Solichin said 21,193 of the 50,783 hectares allocated for the
plantations had been acquired by the companies.

Multrada Multi has been making the most progress. It has
developed 5,428 of the 8,280.7 hectares allocated to it by the
government. (pwn)