TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Barito Pacific, Thai's SCG establish logistics JV
Change Size
A styrene monomer plant owned by Chandra Asri — a subsidiary of PT Barito Pacific — that has two trains using both mobil-badger technology and lummus technology. (Courtesy of http://www.chandra-asri.com//File)
D
iversified petrochemical giant PT Barito Pacific and Thailand's Siam Cement Group (SCG) have established joint venture firm PT SCG Barito Logistics to serve the two parent companies.
SCG country director for Indonesia Nantapong Chantrakul said on Tuesday the joint venture would begin operations in the middle of October to deliver petrochemical products made by PT Chandra Asri Petrochemical -- owned by both Barito Pacific and SCG.
"We have completed the establishment of PT SCG Barito Logistics in September. First, we will start with the delivery of products to Chandra Asri and next year we will expand the service to other SCG products such as cement and ceramics," he said in Jakarta.
The Siam Cement Public Company Limited president director Roongrote Rangsiyopash said investment for PT SCG Barito Logistics had reached 162 million Baht (US$4.85 million).
Read also: Thai owned SCG to acquire more packaging companiesSCG held a 49 percent stake in the logistics company through SCG Cement-Building Materials Limited and Barito Pacific held a 51 percent stake through PT Barito Investa Prima.
"This investment will further increase competitiveness in network coverage and cost efficiency,” he said, adding that the company will also be expanded to serve external clients across Indonesia." (bbn)
