Tuesday, March 16, 2010

Barito Pacific own 10.59% shares Gozco

PT Barito Pacific Tbk own 10.59% shares PT Gozco Plantations and stored in PT Harita Kencana Securities. Barito has bought 529.71 million shares Gozco.
Barito possessed 70 percent shares of PT Chandra Asri and 77.93 percent shares of PT Tri Polyta Indonesia Tbk. Chandra Asri is the producer of ethylene and propylene and Propylene. Meanwhile, Tri Polyta produces polypropylene.
The ethylene production capacity is 600,000 tons per year and propylene 296,000 tons per year. The production capacity of polypropylene is 360,000 tons per year. Tri Polyta plans to boost the production capacity of polypropylene into 480,000 tons per year with US$25 million investment.
Gozco Plantations aims to rake at least IDR236 billion net profits this year. Net profit of Gozco 2009 stood at IDR204 billion or rose 270.77 percent as from IDR54.75 billion in 2009.

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