Titan Chemicals (Malaysia) to acquire PT PENI (Indonesia)
Titan Chemicals becomes SEA's largest polyolefins producer with acquisition of PT PENI
Consortium to buy Indonesia's Pt Petrokimia Nusantara Interindo (PENI)
A consortium headed by Indonesian tycoon Sudwikatmono(スハルトの従兄弟) has won a tender to wholly acquire petrochemical company PT Petrokimia Nusantara Interindo (Peni).
Industrial sources said Group Indika was declared the winner in the final bid last week and it was given two weeks to show it could pay the price.
PT Peni, the country's largest producer of basic plastic materials with an annual capacity to produce 450,000 tons of polyethylene (a plastic basic material) is 75 per cent owned by Beyond Petroleum and 25 per cent by Mitsui and Sumitomo.
Indonesia's Sudwikatmono wins bid for acquiring PT Peni - report
http://www.cantor.co.uk/news/newsstory.cfm?storyID=209818Businessman Sudwikatmono has won the bid for acquiring 100 pct of PT Petrokimia Nusantara Interindo (Peni), Bisnis Indonesia reported, citing an unnamed source.
* Beyond Petroleum = BP http://www.bp.com/faqs/faqs_answer.asp?id=47
Are you really changing the name of British Petroleum to Beyond Petroleum?
This question was answered by Sir John Browne, BP’s CEO, in 2000.
No, of course not. The words 'Beyond Petroleum' are 'a kicker' - the pay-off line in the current advertising campaign that sums up how the company has changed as a consequence of recent mergers and acquisitions and how it will change further in the future as we expand into new areas beyond our traditional business of finding and selling oil and oil-related products.
2003/4/30 Chemnet Tokyo 発表文
インドネシア・PT
PENIの売却完了
BP、三井物産、住友商事合弁のインドネシアのポリエチレンメーカー PT PENI
(PT Petrokimia Nusantara Interindo) が4月25日に売却された。買い手はスハルト元大統領の従兄弟で大富豪のスドィカトモノが率いるインディカ・グループで売却額は5千万ドル。旧株主は今後も引き続き、技術面や原料エチレン供給で協力する。
2003/5/1 Platts
Indonesia's Chandra resumes ethylene supply to PT Peni
Indonesia's Chandra Asri on Thursday resumed its supply of ethylene to local polyethylene producer PT Peni, ending a four- month supply disruption, a Chandra Asri source said Thursday.
2003/4/28 BP、三井物産、住友商事、Indika Group
Indika Group Purchases PT PENI
http://www.bp.com/centres/press/p_r_detail.asp?id=980
The shareholders of PT Petrokimia Nusantara Interindo (PT PENI) announced today that they have sold the company to the Indika Group for $50 million. The transaction was completed on April 25, 2003.
PT PENI, owned 75 percent by BP and 12.5 percent each by Sumitomo and Mitsui, operates a stand-alone polyethylene manufacturing plant in Merak, West Java, Indonesia, which has a production capacity of 450,000 tonnes per year.