Singapore-listed palm oil planter First Resources (FRLD.SI) said on Monday it was aiming to grow its output by 10% this year to around 400,000 tonnes.
The company’s chief executive Ciliandra Fangiono told Reuters in an interview the company plans to increase its plantation area in Indonesia by 15,000-20,000 hectares this year, and use $100-$110 million in capital expenditure for the expansion.
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