Arwana allots Rp 1.5t for new facilities
Bareksa • 30 May 2014
Sacmi Imola SC president Paolo Mongardi (left) and PT Arwana Citramulia president director - (Ricky Yudhistira)
Indonesia’s ceramics sales are estimated to increase by 20 percent to Rp 36 trillion this year
The Jakarta Post - Ceramic tile producer PT Arwana Citramulia has earmarked Rp 1.5 trillion (US$128.95 million) to invest in its multi-year expansion plan in Mojokerto, East Java, supporting its four plants in Java and Sumatra.
Arwana, a publicly listed company, would in the second half of this year begin the construction of its new plant in Mojosari, Mojokerto, which would cost around Rp 300 billion in its initial phase, president director Tandean Rustandy said on Wednesday.