Banda Aceh (ANTARA News) - A number of Chinese companies are planning to revive fertilizer maker PT Aceh Asean Fertilizer (PT AAF) in Aceh Utara district with an investment of Rp4.1 trillion, a Nanggroe Aceh Darussalam (NAD) provincial legislator said.
Hamdani Hamid, chairman of the NAD Provincial Legislative Council`s Comission B, referred to the Chinese companies` plan in a statement on Thursday expressing support for the regional government`s efforts to reduce unemployment in the province by encouraging and facilitating investment in the region, including in the now defunct PT AAF.
PT AAF was now in a process of liquidation after having remained shut for the past five years due to cessation of gas supply by Exxonmobil.
About 70 percent of PT AAF`s machinery that had become unusable had been sold to PT Bumi Persada Lestari for Rp 509.6 billion in August 2006 while some other ASEAN (Association of South East Asian Nations) member countries which formerly controlled shares in the company no longer had any stake in it.
"So the way is now open for the Chinese companies to invest in PT AAF and revive it," Hamid said.
"I believe the Chinese companies are quite serious in their intention to revive PT AAF as their representatives recently met various quarters in NAD, including the Aceh Utara district administration, about their plan," Hamid said without naming the Chinese firms.
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