Thursday, October 19, 2006

Wynford in soda ash venture

Wynford Finance Ltd, a BVI company, has entered into a JV with PT Bengalon Limestone to establish a soda ash plant in East Kutai, East Kalimantan province with US$85 million investment. Both companies establish PT Bengalon Chemical Industry for that purpose. Previously Wynford established a JV with Kobexindo, one of the largest heavy equipment distributor in Indonesia, to build cement plant in Kutai.

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