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Jakarta Post

Paper industry flourishes in first quarter

  • The Jakarta Post

Jakarta   /   Wed, May 27 2009   /  09:40 am

Strong demand, in part boosted by the recent general elections, helped propel Indonesia’s paper and printing materials industry to grow 10.16 percent in the first quarter from a quarter earlier, the fastest quarterly growth since the financial crisis in the late 1990s, reflecting a surprisingly good economic environment.   Greenomics, a non-governmental organization focusing on mining and forestry industries, revealed that elections, both the legislative and regional elections, contributed to the high growth of demand for paper and printing materials. “The first quarter growth in the industry is the highest quarterly growth since the 1998 crisis”, said Greenomics Indonesia national coordinator, Vanda Mutia Dewi, in a statement. By comparison, in the same period in 2008, the industry grew only 1.05 percent, the organization said. The figure is even higher t...