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People & Business :: M&A
Indonesian state fertilizer company acquires Mitsui & Co. ammonia plant
11:09 AM MDT | May 9, 2014 | Francinia Protti-Alvarez
State-owned Pupuk Kalimantan Timur (PKT; Bontang, Indonesia) says it has acquired Kaltim Pacific Ammonia's (KPA; Bontang) ammonia plant at Bontang for about $109 million. KPA was a 75-25 joint venture between Mitsui & Co. and Toyota Tsusho (Tokyo). The plant has a capacity of 2,000 m.t./day. PKT is a subsidiary of Persero (Jakarta). Its production capacity excluding KPA is 2.98 million m.t./year of urea; 1.85 million m.t./year of ammonia; and 350,000 m.t./year of NPK fertilizers. The site shared by KTA and PKT at Bontang also includes a port and associated...
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