Sumitomo to invest $39m in Indonesia

Sat, 05 Nov 2005 | Source: BLOOMBERG

TOKYO: Sumitomo Forestry Co., a Japanese lumber company, said it will invest US$39 million to build a particle board plant in Indonesia.

The plant, scheduled to start operations in October 2007, will have annual output of 128,000 cubic meters. The Tokyo-based company announced the new plant in a statement distributed at the Tokyo Stock Exchange. -- Bloomberg

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