Mojokerto, 25 February 2013. PT LAUTAN LUAS Tbk is pleased to announce inauguration of its manufacturing subsidiary, PT Lautan Natural Krimerindo (LNK).
With the capacity of 21,600 MT/annum, LNK produces creamer for beverages and food industry. The Company was established in 2010, where the commercial production has started from 1 September 2012. Overview of PT Lautan Natural Krimerindo are as follow:
| Name: | PT Lautan Natural Krimerindo | ||||||
| Capital: | USD 22.3 million upon establishment | ||||||
| Equity ownership: |
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| Location: | Jl. Raya Mojosari – Pacet KM 4, Desa Pesanggrahan, Kecamatan Kutorejo, Kabupaten Mojokerto, East Java, Indonesia |
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| Land Area: | 3.5 ha | ||||||
| Establishment: | 23 April 2010 | ||||||
| Representative: | Hendrik Gunawan, Representative Director | ||||||
| Employees: | Approximately 170 persons | ||||||
| Business: | Manufacturer of Creamers |
| PT LAUTAN LUAS Tbk | : | 99.984% |
| Indrawan Masrin | : | 0.016% |
Jl. Raya Mojosari – Pacet KM 4,
Desa Pesanggrahan, Kecamatan Kutorejo,
LNK manufactures Creamers from Glucose (starch derivatives) & Hydrogenated Palm Kernel Oil (palm oil derivatives). The Company is currently targeting to export 50% of total production, and supply 50% of the production to the local market.
LNK is part of Indonesia Economic Masterplan or MP3EI which is a preliminary step for Indonesia to accelerate and expand economic development in order to support its transformation to a developed country by 2025. LNK has an important role in implementing the Masterplan, in investment, production, and distribution, together with the Government who acts as the regulator and also as a facilitator.
With the growing demand in natural food ingredients, Lautan Luas decided to strengthen its natural food supply capabilities in Indonesia. The new investment is believed will provide great impact towards its business performance.
