Wednesday, March 10, 2010

Breaking News-RTRS-INTERVIEW-Bakrie Sumatera sees 2010 palm sales up a third

KUALA LUMPUR, March 9 (Reuters) - Indonesian plantations firm PT Bakrie Sumatera Plantations Tbk expects its palm oil sales volume to grow 32 percent this year as acquisitions start contributing to sales, its chairman told Reuters on Tuesday.
"Our target is to increase sales to 370,000 tonnes this year from 280,000 tonnes last year," Ambono Janurianto, Bakrie Sumatera's president, said in an interview.
Bakrie Sumatera, which also has rubber operations, will start generating sales from is oleochemicals business this year after the $200 million acquisition of Domba Mas, he said.
"Domba Mas is one of the biggest oleochemical facilities in one location. It is an integrated one and has the capacity to produce 150,000 tonnes of fatty alcohol," he said.