Mitsubishi wins RI order

Mitsubishi wins RI order

TOKYO (Reuter): Mitsubishi Heavy Industries Ltd said yesterday
it had won an order to build a 2,000 tons per day ammonia plant
in Bontang on Indonesia's Kalimantan Island for a Japanese-
Indonesian joint venture firm.

The heavy machinery maker declined to comment on the value of
the order, but business daily Nihon Keizai Shimbun said it is
worth about 20 billion yen.

The joint venture, PT Kaltim Pasifik Ammoniak, is 55 percent
owned by Mitsui & Co Ltd, 25 percent by Tomen Corp, with the
remainder held by an Indonesian firm, a Tomen spokesman said.

The plant, which is scheduled to come on stream in spring
2000, is expected to use natural gas from offshore gas fields
near Bontang as feedstock, a Mitsubishi Heavy Industries
spokesman said.