PT PTPN III, XI, and XII plans to build a sugar factory along with the name of PT Industri Gula Glenmore. Largest sugar mills in Indonesia later this stake by 60 per cent owned by PTPN III, PTPN XI 10 percent, and the remaining 30 percent had PTPN XII.
This determination was Minister of State-Owned Enterprises, Dahlan Iskan, in his office, Jakarta, Tuesday, July 23, 2013.
The plant will produce primary products and white sugar premium products such as bio-ethanol bandwagon, bio fertilizer, and animal feed.
The plant will be built with a processing capacity of six thousand tons of cane per day and will be increased to eight thousand tons per day in the end. At the beginning of production of the company is expected to earn as much as nine percent yield, so the premium of white sugar production could reach nine thousand tons.
The factory is located in East Java will be supplied entirely from plantation PTPN XII. The construction itself is expected to cost Rp1, 5 trillion.
“This plant should be completed within 22 months, since the completion of the project has been adapted to harvest sugar cane grown to be supplied to Glenmore. If it’s too late. Later sugarcane to be supplied to anybody,” said Dahlan.