State-owned plantation company PT Perkebunan Nusantara (PTPN) III and PT Surya Bumi Agro Langgeng have signed an agreement with China’s Guangcai Jing Xu Ltd Co. to build fertiliser and particle board factories in Indonesia. The two Indonesian companies also plan to build a rubber factory and laboratory with Chinese partner in the country. The compound fertiliser factory is estimated to cost USD 100 million and is expected to be built next year, PTPN III President Akmaluddin Hasibuan said. He said the particle board factory, to be built with the Chinese company, will make use of oil palm trees as the raw material. The factory, to be built with an initial investment of USD 5 million, would have a production capacity of 10,000 tons of plywood with quality better than other types of plywood, he said.
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