Indonesia's Astra Agro plans to expand plantations


JAKARTA, Feb 1 (Reuters) - PT Astra Agro Lestari Tbk , Indonesia's largest listed plantation firm, expects to spend 1.5 trillion rupiah ($162.3 million) this year on expanding its plantations, a senior company official said on Friday. Tjahyo Dwi Ariantono, Astra Agro's investor relations officer, said most of the spending would be funded by the company's own funds. He said the company plans to increase its planted area by around 60,000 hectares by the end of 2009 and hopes to increase ...

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