Toyo wins Chandra deal

Toyo wins Chandra deal

TOKYO (Reuter): Toyo Engineering Corp (TEC) said yesterday it had received a 14 billion yen contract to revamp an ethylene plant owned by Indonesian petrochemical firm PT Chandra Asri.

Under the agreement, TEC will upgrade the facilities of a Chandra Asri plant in Cilegon, West Java, in order to boost its ethylene output capacity to 675,000 tons per year by September 1998 from 550,000 tons, a TEC spokesman said.

TEC, which built the Cilegon plant in 1995, will also raise propylene production capacity at the plant by 30,000 tons a year to 330,000 tons.

Production at the plant will not be affected by the renovation, as existing facilities are to be connected with the new units during routine maintenance checks scheduled for August and September 1998, he said.

Growing domestic demand for petrochemical products prompted the expansion plans, he added.