Friday, February 24, 2006

Continental expand Indonesia facilities at US$147 million

PT Continental Solvindo, a subsidiary of Singapore-based Continental Chemical Corporation Pte Ltd will invest US$147 million to expand its manufacturing plants in Indonesia.
The company had secured the license from Investment Coordinating Board late last year. Continental's new facilities would produce 140,000 tones per year of phthalic anhydride, 30,000 tones of dioctyl phthalate, 12,000 tones of synthetic latex, 12,000 tones of alkyd resin, and 12,000 tones of polyester resin per year.
Continental Solvindo operates two
Continental Chemical Corporation Pte Ltd, headquartered in Singapore, is one of Asia’s leading manufacturers of intermediate petrochemicals and specialty resins. The Continental Chemical group produces through its own production facilities and through tolling operations, a variety of plasticizers and other intermediate chemicals together with specialty chemicals such as industrial solvents and resins for the coating, casting, adhesive and textile industries. The Continental Chemical group was formed in 1997 as a partnership between Asian and American investors who are also on their own, major participants in the chemical business worldwide. The Continental Chemical group first started its operations by acquiring two production facilities, one in Thailand and the other in Indonesia. Today, the group has production/tolling facilities with a total capacity exceeding 450,000 metric ton per annum. The group’s products are sold across USA, Europe, Middle-East, Africa, Australia, Thailand, Greater China, South Asia and the rest of Asia Pacific.




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