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US$ 90 million will invest by AKR

PT AKR Corporindo as a top chemicals and fuel distributor in Indonesia has planning to go for expansion with invest about US$ 90 million for the construction of a fuel tank terminal at Tanjung Priok, North Jakarta.   

This planning would be realized by the company in a within year and hopely to be completed on December next year (2009). Currently, AKR still focus on going projects in South Kalimantan and Bali. 

The company has expecting an increase of 40 percent in net profit for this year (2008) from Rp. 191 billion last year. For information, till the first quarter of 2008, AKR was booked Rp. 83 billion in net profits or it has increase till 92 percent from the same period last year. 

AKR was established on 1977 and focuses on distributing fuels and chemical in Indonesia and China. As a chemical distributor, AKR leads the local market with a 95 percent business share (www.thejakartapost.com)

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