Indonesia plans 2024 sugar output boost, lower imports with new firm

Indonesia is establishing a holding company for state-controlled sugar mills and aims to cut imports and increase production of white sugar to 1.8 million tonnes by 2024, the chief executive of the state plantation company said on Sept 20.

Sugar mills under the state plantation group PT Perkebunan Nusantara 3 (PTPN 3) are estimated to produce 800,000 tonnes of white sugar this year, and by 2030, production is targeted to be expanded to 2.6 million tonnes, chief executive Mohammad Abdul Gani told parliament members.

State-owned enterprises (SOE)s minister Erick Thohir visited state-owned sugar company named Industri Gula Glenmore (IGG), owned by state-owned plantation company XII in Banyuwangi, East Java, on Saturday, September 18 2021. He was accompanied by PTPN III president director Muhammad Abdul Gani. Source: State-owned enterprises (SOEs) Ministry/Public relation teams

“By increasing production, we can reduce imports, save on forex reserves and reach food self-sufficiency,” he said.

PTPN 3 is currently transferring its assets to the new holding company, which will invest around 20 trillion rupiah ($1.40 billion) for expansion, including for new mills, Gani said.

National plantation holding firm PT Perkebunan Nusantara III (PTPN III) established SugarCo, officially named PT Sinergi Gula Nusantara, on Aug. 17 by placing 35 sugar factories – previously owned by seven PTPN III subsidiaries – under the new company.

The government appointed PTPN III as the holding entity for 13 PTPN sister companies in 2014. The companies, which claimed combined assets of Rp 69.3 trillion (US$4.86 billion) during their merger, vary in product offering and operating area.

vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat