Business Development Asia LLC
South East Asian Chemical News
ISSUE 8, AUGUST 1998
INDONESIA
PT Chandra Asri, the Indonesian petrochemical company, currently dominates the local ethylene and propylene industry. An expected 15%-20% cut in the tariff on ethylene and propylene should reduce PT Chandra Asri's near monopoly of the local market, allowing local specialty chemicals firms to buy raw materials from external sources at lower prices. (July 16th 1998)PT Indorayon Porsea’s mill’s production of pulp
and rayon has been suspended since July 14th as protestors have blocked
entry to the company’s facility. The company’s management and government
representatives have been holding discussions with the protestors to resolve
the issue. The Asia Pacific Resources International Holdings Ltd
(APRIL) Group holds a 62% stake in the mill. APRIL is a major
SE Asian producer of pulp, paper and rayon fiber targeted at the Asia Pacific
market. (July 28th 1998)
| Recent News: | |
|---|---|
| Malaysia, Philippines, Singapore, Thailand, Regional | |
| Focus: | |
| Selected SE Asian adhesive companies |