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NEW UPDATES Asean Affairs  2 July 2014  

Indopoly invests $20 million more in RI, China

Flexible packaging film maker PT Indopoly Swakarsa Industry is planning to invest more than US$20 million for corporate development and a capacity increase at its existing factories in Indonesia and China.

“We’re aiming to finish [disbursing] the investment in the first half of 2015. To date, $20 million has been realized. So, the figure will be more than that [by the time of completion],” Indopoly president director Henry Halim said in a press conference on Monday as quoted by Antara.

He said the company was spending the money on the third metalizing machine to be placed in Purwakarta, West Java, on the second extrusion-coating machine for thermal lamination films in Suzhou, China, and on intensively upgrading one of the machines in Purwakarta.

Indopoly director Pe Maria Indra said that 30 percent of the investment money came from cash reserves and the remainder from bank loans.

Maria forecast that profits would be flat this year, compared to last year, because of the lack of expansion this year and they would only start growing next year in line with its expansion moves.

The publicly listed firm’s shares traded at Rp 100 (less than 1 US cent) on the Indonesia Stock Exchange (IDX) on Monday, a 2.91 percent drop from the previous close.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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