Philip Morris investing in Indonesia

| October 10, 2013

Philip Morris Indonesia (PMID) and its affiliate, Sampoerna, have disclosed plans to invest US$174 million to improve production capacities at their two factories in Karawang, West Java, according to a story in The Jakarta Post.

Sampoerna’s president director, Paul Janelle, said in a press note issued yesterday that the group had invested more than $390 million in Karawang since 2006. PMID and Sampoerna were committed to conducting business over the long term in Indonesia, he added.

Janelle was quoted as saying too that Indonesia would be the center of Marlboro brand production catering for demand throughout the Asia-Pacific region.

The Post piece said that in 2012, PMID and Sampoerna exported about $24 million worth of “tobacco,” and that they expected to double that figure this year.

Category: Breaking News

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