Despite having received the approval from State Minister for State Enterprises Dahlan Iskan, the plan of PT Semen Gresik (persero) to acquire the paper mill PT Kertas Kraft Aceh (KKA) cannot be ascertained up to now.
 
Corporate Secretary of Semen Gresik Sunardi Prionomurti states the acquisition plan is still being studied because a number of factors need to be taken into account, including the availability of fuel gas, sources of raw materials, production facilities owned by the paper mill.
 
"The plan is still being studied whether we will be acquiring, investing our capital or other options. We are still studying the issue since a number of aspects need to be considered," he says in a meeting with the media late this afternoon in East Java.

He explains that the gas fuel and the availability of forest areas to support the production raw materials of cement wrapping paper is certainly an important consideration.
 
The company must also take into account the vitality of the production machines owned by KKA, because the acquisition is not expected to pose new problems for Semen Gresik.
 
"As a public company, such a plan must be notified to the public. The real plan is not made yet."
 
Not long ago, State Minister for State Enterprises Dahlan Iskan gave a positive signal against the action plan of the state-owned cement producer.
 
However, he revealed that he has not got any information related to the acquisition plan proposed by Semen Gresik. He actually supports Semen Gresik’s action to improve KKA by way of entering the paper making company.
 
The acquisition plan of KKA is posed by Semen Gresik President Director Dwi Soetipjto. He estimates the value of the acquisition can reach up to Rp800 billion.
 
However, he further states, the acquisition plan is still under review by the company. If Semen Gresik can invest in KKA, it will have a positive impact for the company because it strengthens the company's supply chain.