Antam's Tayan Chemical Grade Alumina plant commissioning on tract
Tuesday, June 18 2013 - 03:00 AM WIB
IDX-listed PT. Aneka Tambang Tbk (Antam) said that its Tayan Chemical Grade Alumina (CGA) plant in West Kalimantan is on track for commissioning in October this year.
The schedule is three months earlier than the contractual date of January 2014, the company said in the announcement at newspaper on Tuesday.
As of May 2013, the plant?s Engineering Procurement and Construction progress was 94 percent completed.
The plant, the first CGA plant in Indonesia and Southeast Asia, will produce 300,000 tons of CGA, of which 200,000 tons will be exported.
Antam has an 80 percent stake in the CGA project with the remaining 20 percent being held by Showa Denko KK.
The two companies have established a joint venture ? PT Indonesia Chemical Alumina (ICA) to operate the CGA plant.
Editing by Adianto P. Simamora