Fluor Daniel to establish firm here

Fluor Daniel to establish firm here

JAKARTA (JP): The Investment Coordinating Board has approved
an application by Fluor Daniel of the United States to establish
a wholly-owned subsidiary in Indonesia.

The new company, called PT Fluor Daniel Indonesia, will start
operating as soon as it has received approval from the justice
ministry.

"We expect that the approval from the ministry of justice will
be obtained next month," company president Charles Sands told
The Jakarta Post yesterday.

He said the board's approval had been received on Sept. 5.

Vice president of Fluor Daniel Indonesia, Rod Ragan, said that
the establishment of the subsidiary will help Flour Daniel
maximize the domestic content of its products by using
Indonesian-operated engineering companies, suppliers, contractors
and vendors.

"As a fully incorporated company, our operations will run
smoother, but the basic business philosophy of Fluor Daniel will
not change," Ragan said.

Fluor Daniel has been present in Indonesia since 1970, through
the branch office of Fluor Daniel Eastern, Inc.

Ragan said Fluor Daniel Indonesia will be involved in diverse
sectors, including petroleum, petrochemicals, mining,
infrastructure, manufacturing, power, pulp and paper.

Fluor Daniel, through its partnership with Duke Power, has
joined with PT Catur Yasa in the establishment of PT Nusantara
Power Services for Operation, Management and Maintenance.

Ragan said that Fluor Daniel currently handles 12 projects in
Indonesia, including the construction of a power plant in Paiton,
East Java, the renovation of Hotel Borobudur Inter-Continental in
Jakarta, the expansion of PT Freeport's copper mine in Irian
Jaya, the construction of a copper smelting plant in Gresik, East
Java, and the construction of a geothermal power plant in West
Java.(31)