Jan 17, 2012

BW Plantation eyes 25% up in CPO output

CPO producer PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo family, is scouting a 25% increase in CPO output production to 130,812 tons this year from an estimated figure of 104,650 tons last year. 
Corporate Secretary Kelik Irwantono, as quoted by Bisnis Indonesia today, said the company is still unable to mention the detail figure of CPO production last year as it is gathering and calculating the data. 
"This year will see a 130,812 tons of CPO output. We are optimistic to achieve the target," he said. In 2010, BW Plantation produced 91,000 tons.
The company, that is run by sons and daughter of Budiono Widodo via PT BW Investindo, PT Wahana Platinum Indonesia, and PT Mitra Energi Global, is currently construction a CPO processing plant in East Kalimantan wth production capacity of 60 tons of fresh fruit bunch (FFB). It will commercially operate the CPO plant in the first quarter of 2012 with 30 tons of FFB capacity in Central Kalimantan. The company requires Rp60 billion investment to construct the processing facility. To build the East Kalimantan processing plant, the company requires Rp120 billion investment from Bank Rakyat Indonesia.
BW Plantation has secured Rp1.3 trillion loan facility from Bank Rakyat Indonesia and Rp230 billion from Bank Negara Indonesia.
BW Investindo, that was previously dubbed PT Citra Prima Global, is owned by Tjipto Widodo, Phoebe Widodo, Sardjono Widodo, Hartono Widodo, and Tjong Njoek Fa.
BW Plantation owns seven operating subsidiaries dubbed PT Bumilanggeng Perdanatrada (BLP), PT Bumihutani Lestari (BHL), PT Adhiyaksa Darmasatya (ADS), PT Wana Catur Jaya Utama (WCJU), PT Sawit Sukses Sejahtera (SSS), PT Agrolestari Kencana Makmur (AKM), and PT Satria Manunggal Sejahtera (SMS).
Disclosure: No position at the stock mentioned above.

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