“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Sunday, March 16, 2008

Sampoerno Agro to spend Rp 600b to up output amid rising CPO prices

Agustina Wayansari , The Jakarta Post , Jakarta | Sat, 03/15/2008 11:56 AM

Riding the wave of soaring prices of crude palm oil, publicly listed palm oil producer PT Sampoerna Agro is setting aside up to Rp 600 billion (US$65.2 million) this year to boost production.

Finance director Eddy Kurniawan said the money would be spent on new land, factories and supporting infrastructure -- in order to increase its production of palm oil to 1.27 million tons this year.

"In the near future, we will increase our plantation area by up to 15,000 hectares, managed both by ourselves and in partership with local farmers in Sumatra, Kalimantan and Sulawesi," he told reporters after a shareholder meeting.

The company, which currently manages 78,710 hectares of plantations mainly in Sumatra, produced 1.18 million tons of crude palm oil last year, up from 1.15 million tons in 2006, Eddy said.

The Indonesian Palm Oil Association said Thursday the country's CPO production would increase by 27 percent this year from 18.4 million tons in 2007.

Eddy said Sampoerna managed five factories, four in Palembang, South Sumatra, and one in Kalimantan, with a combined production capacity of around 350 tons per hour.

He said buying other existing plantation companies would be too costly.

President director Allan Goh said the company had adequate cash reserves to buy the land, after benefiting from crude palm oil prices nearly doubling last year to US$1,200 per ton, up from $585 in 2006.

Allan said Sampoerna might consider seeking extra funding from outside sources, including loans from banks, in case it needed additional capital for its expansion.

"The number (Rp 600 billion) is our conservative estimate, with CPO prices assumed at between $800 and $950 per ton," he said.

Goh said the company would remain focused on the local market this year, with 94 percent of its output sold to the domestic market in the last two years. The remaining oil was exported mainly to India and China.

"The local market offers us better prices and lower operational costs for transportation and logistics management," he said.

Sampoerna also announced it would allocate some Rp 10.99 trillion out of a Rp 249.135 trillion net profit in 2006 to be distributed as dividends for shareholders.

With total shares of 1.89 billion, each share has a dividend of Rp 126.

No comments: