Indorama Ventures to invest $US 5billions in Indonesia

Date: 
Fri, 2011-04-01 (All day)

According to Thailand-based Indorama Ventures, it would invest US $5 billion in new ventures in Indonesia by 2014.

As revealed by the company, it would invest $2.2 billion in the domestic polyester and downstream coal industry, this year.

It would further channelize a sum of $2.8 billion for investment in the country’s petrochemical and oil and gas sector through 2014.

Presently, the firm is actively working on projects in Indonesia, involving investments up to five billion dollars, but then they are still reviewing the growth prospects and applications of these projects.

This year, the company would invest to construct a polyester plant in Purwakarta in West Java at a cost of $200 million.

After attaining all the other goals, the company plans a diversification in the oil and gas and petrochemical industries, and would engage itself in exploration and production.

Highlights
  • INDO INTERTEX 2023

    The Indonesia International Textile and Garment Machinery & Accessories Exhibition

    29 - 31 March 2023 -

  • INDO TEXPRINT 2023

    Indonesia International Digital Textile and Screen Printing Exhibition

    29 - 31 March 2023 -

  • INATEX 2023

    Indonesia International Nonwoven Home Textile Apparel Accessories Exhibition

    29 - 31 March 2023 -

  • INDO DYECHEM 2023

    Indonesia International Dyeing and Chemical for Textile Exhibition

    29 - 31 March 2023 -

  • IGHE 2023

    Indonesia International Gifts and Housewares Expo 2023

    24 - 26 August 2023 -

  • IBTE 2023

    Indonesia International Baby Products & Toys Expo 2023

    24 - 26 August 2023 -

  • IEAE 2023

    Indonesia International Electronic and Smart Appliance Exhibition 2023

    24 - 26 August 2023 -

  • PAPER INDONESIA 2023

    Indonesia International Exhibition for Pulp, Paper, Converting, Tissue and Packaging Industries

    02 - 04 November 2023 -

  • IIME & ENERGY INDONESIA 2023

    Indonesia International Machinery and Electronic Product

    02 - 04 November 2023 -