ID :
147315
Mon, 10/25/2010 - 02:26
Auther :
Shortlink :
https://oananews.org//node/147315
The shortlink copeid
SINARMAS INVESTS US$1.2 BILLION IN CHINA
Nanning, Oct 24 (ANTARA) - The Sinarmas Group is taking part in the Economic Development Zone of Qinzhon port, China, with an investment of US$1.2 billion, a Chinese executive said.
Deputy Director for the Administration Committee of the Economic Development Zone, Wei Peng, said here on Sunday that the Sinarmas Group invested in paper industry.
Wei said that APP of the Sinarmas Group had now produced 600,000 tons of paper and 1,800,000 tons of pulp per annum. It would be further stepped up to 3.1 million tons per annum.
In the meantime, the number of Chinese businessmen who did business in Indonesia, according to Kiki Barki who is chairman of the Indonesian Chamber of Commerce and Industry for China affairs, is about 600 persons.
But the scales of their businesses were still small and medium, not yet classified as large or giant such as the investment of the Sinarmas Group in China.
The Chinese investors' businesses in Indonesia are still concentrated in Jakarta, he said.
Kiki in a China-ASEAN business forum told about 500 Chinese businessmen to invest in Indonesia's potential coal sector which could be tapped for hundreds of years while China which had a population of about 1.3 billion badly needed power generators to fuel its economy.
Deputy Director for the Administration Committee of the Economic Development Zone, Wei Peng, said here on Sunday that the Sinarmas Group invested in paper industry.
Wei said that APP of the Sinarmas Group had now produced 600,000 tons of paper and 1,800,000 tons of pulp per annum. It would be further stepped up to 3.1 million tons per annum.
In the meantime, the number of Chinese businessmen who did business in Indonesia, according to Kiki Barki who is chairman of the Indonesian Chamber of Commerce and Industry for China affairs, is about 600 persons.
But the scales of their businesses were still small and medium, not yet classified as large or giant such as the investment of the Sinarmas Group in China.
The Chinese investors' businesses in Indonesia are still concentrated in Jakarta, he said.
Kiki in a China-ASEAN business forum told about 500 Chinese businessmen to invest in Indonesia's potential coal sector which could be tapped for hundreds of years while China which had a population of about 1.3 billion badly needed power generators to fuel its economy.
