Arwana to invest Rp. 170 billion

The Investor Daily-October 28, 2008 Indra Bachtiar, corporate secretary of PT Arwana Citramulia Tbk (Arwana), told that Arwana allocated Rp 170 billion to enlarge the factory plant III in Cikande, Banten. The production capacity of the new factory would reach 7,5 million m² per year for ceramic with size 30X30 cm, and 40X40 cm. Arwana experienced increasing in sales for the third quarter of 2008 as much as Rp 480 billion or increasing 27% compared with the same period in 2007. Currently, Arwana holds 10% of total market share of ceramic industry in Indonesia.