Aditya Birla Group, a dominant player in viscose staple fibre has invested 60 million US dollar in Indonesia to expand its rayon plant in Purwakarta, West Java.
PT Indo Bharat Rayon, the conglomerate’s local unit, inaugurated its rayon fiber production line, seventh in the Purwakarta plant on October 12 with an investment of 60 million US dollar and making a production capacity of 210,000 tons per year,
President director of PT Indo Bharat Rayon, another unit there, Mukul Agrawal said that the expansion of the plant is made on the size of the prospect of their group, Aditya Birla, to flourish in Indonesia.
Chief operating officer of PT Indo Bharat Rayon, Bir Kapoor said that as a multinational group engaged in the textile sector in an integrated way, Indonesia is one country with the potential to expand.
The investment climate in Indonesia is good. Backed by a balance of infrastructure for the industry, the availability of trained human resources and stable political climate, the country is an ideal place in favour of doing business. Besides, product quality is also good, he said.
