International Paper plans US$4 billion investment in Indonesia

Posted: 27 March 2008 in Indonesia, International Paper
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Xinhua reports that International Paper is planning to spend US$4 billion on a pulp mill and 500,000 hectares of industrial tree plantations in Central Kalimantan and West Papua. The pulp mill would have a capacity of 1.5 million tons a year.

The article is based on an article in the Jakarta Post which quoted a senior official from the Forestry Ministry as saying that Central Kalimantan and West Papua had been chosen because there are currently no pulp operations there.

International Paper conducted a six-month feasibility survey looking at investing in a number of Asian countries, before deciding on Indonesia.

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