CPO player PT BW Plantation Tbk (BWPT), that is controlled by Indonesian businessman Budiono Widodo, experienced a 21.4% increase in CPO production volume last year.
BW Plantation, that is led by Tjipto Widodo, son of Budiono Widodo, produced 110,771 tons last year from 91,255 tons a year earlier.
Fresh fruit bunch production also rose 15.3% to 458,217 tons last year from 397,528 tons in the previous year. BW Plantation scouting a 25% increase in CPO output production to 130,812 tons this year from an estimated figure of 104,650 tons last year.
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.
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