Risks on paper
Article Abstract:
Indonesian President Suharto has virtually approved financing for Barito Pacific Timber Group's Tanjung Enim Lestari project despite a limit on foreign borrowings. Suharto directed government ministers to help expedite financing for the 500,000 hectare industrial-tree estate which would supply wood to the pulp facility. Barito's financial advisers are also setting up a US$800 million financing package for the project's initial pulping line. The project, which may cost around US$2.5 billion, is expected to be completed by 2000.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Green fingers
Article Abstract:
Prajogo Pangestu's Barito Pacific Timber Group is diversifying into pulp and paper mills, petrochemicals, and agricultural production. Barito, Indonesia's biggest logging concessionaire and the world's largest plywood manufacturer, also has holdings in real estate and banking. Prajogo plans to establish Indonesia's first olefins complex, the US$1.8 billion Chandra Asri project. His US$1.2 billion pulp mill project, which is scheduled to operate by mid-1994, is among the world's largest.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Elusive evaluation
Article Abstract:
Prajogo Pengestu intends to publicly list his Barito Pacific Timber in late Aug 1993, but questions surround both man and company. The offering will make up 15% of the Jakarta Stock Exchange, with impressive prospects for profit, but little is known about the company's capital structure. Prajogo has close links to Indonesia's ruling elite, a connection that cuts both ways. He may be seeking to protect himself from such problems through the stock issue.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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