Indonesia’s Tunas Baru Lampung to Invest $103m to Build Sugar Mill

Jul 11, 2014

THE JAKARTA GLOBE. Jakarta. Indonesian agricultural firm Tunas Baru Lampung will invest $103 million to build a sugar mill.

The company said its unit, Adikarya Gemilang, had appointed Sharkara International, an affiliate of Thailand’s Sutech Engineering, as the main contractor for the mill.

The contract with Sharkara is worth $35 million, Tunas Baru said in a filing to the Indonesia Stock Exchange on Friday. It will also spend another $68 million on other contractors.

Tunas Baru’s products include sugar, palm cooking oil and coconut cooking oil.

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