Texmaco in Irian Jaya

Texmaco in Irian Jaya

JAKARTA (JP): Texmaco Group, a domestic producer of textiles
and textile machinery, will develop sugar cane, cotton, cashew
nuts and palm oil plantations in Merauke, Irian Jaya, the
province's plantation agency head, Asmuni Cholil, said yesterday.

Cholil told Antara in the Irian Jaya capital of Jayapura that
four Texmaco subsidiaries would develop the plantations.

He said PT Gula Cenderawasih Perdana had acquired 150,000
hectares for its sugar cane plantation in Merauke, PT Mutingkapas
50,000 hectares for its cotton plantation, PT Jambu Mete 50,000
hectares for its cashew nut plantation and PT Merauke Sawit Jaya
139,500 hectares for its palm oil plantation.

Besides managing the plantations, the four companies would
establish factories to process their produce, he said.

Irian Jaya has attracted other palm oil plantation investors.
The investors include Djajanti Group's PT Farita Majutama,
Korindo Group's PT Tunas Sawa and Garuda Mas Group and Sinar Mas
Group subsidiaries. (10)