Kohap's Indonesian plant

Tue, 24 Dec 1996 | Source: UPI

SEOUL (UPI): South Korea's Kohap Group will build a US$50- million polyester fiber plant in Indonesia.

Monday's plans call for construction to start early next year for completion by 1998.

Kohap spokesman Chun In-woo ("Chahn In-woo") says the plant will produce 83 tons of polyester daily for PT Multikarsa Investama (MKI) of Indonesia.

South Korea's 23rd largest conglomerate in net assets, Kohap built a similar plant for MKI in 1995.

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