Monthly Archives: October 2013

Chandra Asri and Michelin’s JV rubber plant to start construction in November

CEO of PT Chandra Asri Petrochemical Tbk. (IDX:TPIA), Prayogo Pangestu, stated that the company plans to start the construction of its joint venture with tire maker Michelin & Cie (ML) in November. The new plant, which will manufacture synthetic rubber, … Continue reading

Posted in Manufacturing, Tire | Leave a comment

BBCA plans local payment network

Indonesian bank, Bank Central Asia (IDX:BBCA) says it is initiating a local credit card network that it plans to start operating early next year. BBCA CEO Jahja Setiaatmadja said that the company will be working with other banks yet to … Continue reading

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TKIM invests $3.1 billion in new pulp and tissue mill

PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM), an affiliate of the Sinar Mas Group, has started construction of a new pulp and tissue mill in South Sumatra to be operated by its subsidiary PT Oki Pulp & Paper Mills, which … Continue reading

Posted in Manufacturing, Paper | Tagged , , , | Leave a comment