Tomen enter fuel distribution business
Japan's Tomen Corp through its subsidiary PT Tomindomas Bulk Tank Terminal has entered fuel import and distribution with target revenue of Rp660 billion per year.
Four years ago, fire burnt down 13 chemical tanks operated by Tomindomas---a company dealing with chemical storage in Cilegon, Banten province.
Few months ago, government, through Investment Coordinating Board (BKPM) awarded a license to expand the company's facilities in Cilegon with new investment of Rp165.25 billion.
Local company PT AKR Corporindo, also a bulk chemical storage, had entered fuel importing and distribution business earlier than Tomindo since October 2005. AKR is the first company entered the business long controlled by state-owned oil and gas company PT Pertamina.
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Four years ago, fire burnt down 13 chemical tanks operated by Tomindomas---a company dealing with chemical storage in Cilegon, Banten province.
Few months ago, government, through Investment Coordinating Board (BKPM) awarded a license to expand the company's facilities in Cilegon with new investment of Rp165.25 billion.
Local company PT AKR Corporindo, also a bulk chemical storage, had entered fuel importing and distribution business earlier than Tomindo since October 2005. AKR is the first company entered the business long controlled by state-owned oil and gas company PT Pertamina.
READ MORE!!!
posted by yosef at 5:37 PM
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