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Chandra Asri Expands Indonesian Petchems Capacity

10:22 AM MDT | June 13, 2011 | NATASHA ALPEROWICZ

Bulking up: More to come. PT Chandra Asri Petrochemical (CAP; Jakarta), Indonesia’s largest petrochemicals producer, plans to invest $700 million in the next five years to expand capacity at its petrochemicals complex at Cilegon, Banten Province. CAP was established last January through the merger of its predecessor PT Chandra Asri and PT Tripolyta. Barito Pacific (Jakarta) owns 72% stake in the new entity, Temasek Holdings (Singapore) 23%, and the balance is listed on the Jakarta Stock Exchange. The expansion plan includes raising ethylene capacity from...

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