Fri, 30 Sep 2011

Jakarta (ANTARA News) - Cosmetics producer Unilever plans to build a palm oil processing plant at Semangke, North Sumatra, at a cost of Rp1.1 trillion.

The plant would produce fatty acid oil chemicals, Head of the Investment Coordinating Board (BKPM) Gita Wirjawan said after accompanying President Susilo Bambang Yudhoyono at a meeting with the management of Unilever here on Thursday.

The factory was investment in the downstream sector particularly in the palm oil processing plant, he said.

He said the company would soon realize its investment plan soon.

"It will take two years to complete the construction of the plant," he said.

He said the company was also committed to raising its investment by US$600 million to increase the number of plants in Indonesia. (*)