PT
Pabrik Kertas Tjiwi Kimia Tbk and PT Pindo Deli Pulp and Paper Mills, part of
Asia Pulp & Paper Group (APP), have completed the acquisition of a 70.58%
shareholding (each 35.29% shareholding) in PT. OKI Pulp & Paper Mills, a
company currently developing a pulp and paper mill in South Sumatra, Indonesia
on July 11, 2013.
Once
the construction is completed, the new mill will cover 2,600 hectares in Ogan
Komiring Ilir in Palembang, South Sumatra, with an additional 200 hectares for
the development of a port. Civil works are starting this year, with the first
phase of the commercial production is expected to begin in 2016. The new mill
is expected to produce around 2 million ADT (Air-Dried-Tonnes) of pulp per
year.
