06/21/2013

www.gupta-verlag.de/rubber

INDONESIA: Michelin and Petrokimia sign agreement to produce synthetic rubber

The total Investment is estimated at US$435 million. Pending final investment decision, plant construction is expected to commence in early 2015 with completion and start-up targeted for the beginning of 2017.

Michelin and PBI will combine in this partnership their expertise, bring significant synergies and create value both for the Indonesian and South East Asian markets.

Chandra Asri Petrochemical complex is located at Ciwandan, Cilegon in Banten Province is Indonesia's premier petrochemical plant incorporating world class, state-of-the-art technology and supporting facilities.

Source: Michelin website, 17 June 2013
(Syed Rashid Ali, Karachi, Pakistan)

www.gupta-verlag.de/rubber