S Korean Investor to Set Up Factory in Papua

Aktivitas Pabrik PT Indocement, Citeureup, Bogor
Sumber :
  • Antara/ M Agung Rajasa

VIVAnews - South Korea-based company LG International Corp., teams up with PT Duta Firza to build a petrochemical facility in Tangguh, West Papua, which will be worth US$3 billion of investment. 

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The Head of Agreement was signed today in South Korea. Indonesian President Susilo Bambang Yudhoyono also witnessed the signing process. 

"PT Duta Firza and LG International will form a JV company to realize the project," said DUta Firza CEO, Firlie Gandinduto, in a statement. 

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Both parties have agreed to go partners in pre-planning, pre-feasibility study, and construction process. 

"The installation and commissioning of the petrochemical factory will be organized by JV company," said Firlie. 

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The cornerstone of the facility will be laid in mid 2014. 


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VIVA.co.id
29 April 2024