The project of PT Marga Buana Bumi Mulia (MBBM) which was licensed in 1997 was to be completed this year, but realization has been delayed by a number of problems.
According to the regional administration of Souith Kalimantan, the integrated facility will; be run by PT marga Buana Bumi Mulia that will become a multinational company with shares owned by foreign investors.
A pulp factory planned by PT Marga Buana Bumi Mulia (MBBM, originally to have the status as a domestic investment (PMDN) project, has changed status into foreign investment (PMA) project after securing financial support from a foreign consortium.
According to the regional administration, the integrated factory will be run by PT Marga Buana Bumi Mulia, which has from the beginning initiated the development of pulp industry in that province.
The largest among the new projects is that of PT Marga Buana Bumi Mulia
planning to invest Rp 2,667 billion.