PT Fajar Surya Wisesa Provides Earnings Guidance for the Full Year of 2013; Plans to Build a New Manufacturing Facility in Surabaya
In an effort to increase its production capacity and market share, the company plans to build a new manufacturing facility in Surabaya in the second half of 2013. The $150 million facility, called PM 8, will be able to produce 350,000 tons of corrugating medium paper per year and will have its own power plant to support operations. PM 8 is expected to be completed in 2015.