Tjiwi Kimia, Indah Kiat to spend USD 250 MN to boost capacity
Paper producer Pabrik Kertas Tjiwi Kimia, a unit of Sinar Mas Group, will spend USD 100 million to build 13 paper machines with an annual capacity of 100,000 tonnes this year, said Arman Sutedja, the firm's finance director. Paper company Indah Kiat Pulp and Paper, also controlled by Sinar Mas, plans to develop 16 paper machines worth between USD 100-150...