JAKARTA - PT Fajar Surya Wisesa Tbk (FASW) targets to increase its paper production rate to 1.6 million tons or 20% higher than the current production rate of 1.3 million ton. This target was decided after the acquisition of a new factory in East Java. The new factory will contribute 280,000 to 300,000 tons per year.
Marco Hardy, Corporate Secretary of PT Fajar Surya Wisesa Tbk (FASW) stated that the company had acquired a factory in East Java. “The total value of this acquisition is around $ 60 million, and 80% of the fund is obtained from bank loans,” said he, in Jakarta.
According to Hardy, the acquisition process will be completed in 2018. After the acquisition, the annual sales target will be increased by 15%-20%. (LK/AR/W)