Natural rubber company Halcyon Agri has bought a factory in Bintan, Indonesia.
The group had announced last year that its Indonesian subsidiary PT Hok Tong had entered into a conditional share sale-and-purchase agreement with Global Key Holdings Limited (GKHL) and Lydia Yuliaty Tandi to buy an 80 % stake in PT Pulau Bintan Djaya (PBD).
The purchase will increase the scale and scope of Halcyon Agri’s natural rubber processing segment, and propel it to be the largest crumb rubber producer and exporter in Indonesia, with a total processing capacity of 1.55 million tonnes per year.
(RJA)
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