Kendari (ANTARA News/Asia Pulse) - Plantation firm PT Narya Corporindo (Nacorp) says it is planning to invest Rp2.4 trillion (US$266.4 million) in the plantation sector in Southeast Sulawesi province.
Of the total amount, Rp1.3 trillion will be used to buy a sugar mill from Brazil and Rp1.1 trillion to develop 45,000 hectares of sugarcane plantation in South Konawe district, Nacorp President Director Maxi Gunawan said here Tuesday.
"It is expected the sugar mill and bio-ethanol plant will start production in 2010," he added.
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