Jakarta – Eight under-performing state firms face liquidation under a state enterprises consolidation program, State-Owned Enterprises Minister Mustafa Abubakar says.

Mustafa said in Jakarta on Monday that the eight companies were part of 20 state firms placed in "special care" due to their worsening financial conditions.

The 8 companies are paper producer company PT Kertas Kraft Aceh, shipping companies Djakarta Lloyd and PT Industri Kapal Indonesia, film company Perum Film Nasional, printing company PT Balai Pustaka, PT Survei Udara Penas, airline PT Merpati Nusantara Airlines and aircraft maker PT Dirgantara Indonesia.