CITA - PT. Cita Mineral Investindo Tbk

Rp 1.940

-30 (-1,52%)

JAKARTA - PT Cita Mineral Investindo Tbk (CITA) sets a target for the second line of its alumina factory to operate in 2019. The total alumina production will reach 2 million tons a year.

Director of PT Cita Mineral Investindo Tbk Yusak Pardede said the company’s target for the second line alumina factory’s operation is in 2019 and will increase alumina production up to 2 million tons in 2019. “For our first line factory production is as much as 1 million in 2017 and the second line factory will produce alumina as much as 2 million tons per year,” he said in Jakarta.

According to him, the first line of production will reach 600,000 ton by the end of 2016 because the factory just  began production in July 2016. The company will sale alumina to its holding company which is Hongqiao Group, China.