#Chemical
Danantara eyes 35 percent stake in Lotte Chemical’s US$3.9 B petrochemical plant
Indonesia’s sovereign wealth agency, BPI Danantara, is reviewing an offer to acquire a 35 percent ownership stake in Lotte Chemical’s petrochemical complex in Cilegon, Banten, said Danantara CEO Rosan P. Roeslani.
Indika Energy establishes new subsidiary in bio-based chemical industry
Energy company PT Indika Energy (INDY) has established a new subsidiary, PT Tripatra Bioenergi Angkasa (TBA), to expand into the chemical industry.
Danantara yet to finalize investment in Chandra Asri’s chemical plant project
Indonesia’s sovereign wealth fund management agency, BPI Danantara, confirmed that it has not yet finalized the investment amount it may commit to the US$800 million (Rp13 trillion) Chlor Alkali-Ethylene Dichloride (CA-EDC) plant project, currently being developed by a subsidiary of PT Chandra Asri Pacific (TPIA).
Chandra Daya's IPO oversubscribed 400 times, draws over Rp30T in investor funds
The initial public offering (IPO) of PT Chandra Daya Investasi (CDIA) has drawn overwhelming investor interest, with subscriptions oversubscribed more than 400 times, securing over Rp30 trillion (US$1.8 billion) in incoming funds − far exceeding the company's initial target of Rp2.37 trillion.
Asia Pramulia to launch IPO, targets expansion in plastic packaging industry
Plastic packaging manufacturer PT Asia Pramulia has announced plans to go public through an initial public offering (IPO) on the Indonesia Stock Exchange, offering 812 million shares, representing 29.9 percent of its issued and paid-up capital, set between Rp114 and Rp124 per share.
Indonesia secures US$800 M investment for strategic chemical plant construction
Indonesia is taking a major step toward strengthening its industrial base and reducing reliance on imported raw materials with the signing of a Memorandum of Understanding (MoU) between the State investment management agency Danantara, the Indonesia Investment Authority (INA), and petrochemical and energy giant PT Chandra Asri Pacific (TPIA).