VIVAnews - PT Shell Indonesia prepares US$90-100 million of investment to build lubricant factory in Indonesia. The factory is of the capacity of 100 thousand tonnes and is expected to operate by 2013.
Shell Indonesia President Director Darwin Silalahi said the factory will be used to meet the demand from domestic and regional markets in Asia.
"There are two investment plans: to meet the domestic demand, and to enable the lubricant factory be more competitive in the region," said Darwin in Jakarta today, Feb 11.
Today, Shell owns 30 factories worldwide aiming at a boost in sales in 100 countries.
Industry Minister MS Hidayat said the lubricant factory will be located in West Java/
"I propose Marunda and Cilegon to them because there are harbors available in both places," said Hidayat.
Shell also plans to have additional factory capacity to 150-200 thousand tonnes.