APRIL, a member of the RGE group of companies, announced that it has invested more than Rp100 trillion (approximately US$6.4 billion) in transforming Pangkalan Kerinci from a small village in Pelalawan regency, Riau, into a thriving industrial complex.
Nature has rapidly risen in the global sustainability agenda and is soon, if not already now, sharing the top place with climate. This new focus is driving businesses to recognize their deep economic dependence on natural resources, with over half of the global GDP--around $44 trillion--moderately or highly reliant on nature.
The Waldo modernization and expansion project is a $131 million strategic investment that is expected to increase the mill's annual capacity by 85 million board feet, improve recovery by 6%, and reduce cash processing costs by approximately 30%.
