Toyo wins RI contract

Toyo wins RI contract

TOKYO (Nikkei): Toyo Engineering Corp. leads a group that has
won a Y35 billion contract from an Indonesian concerns to build
two fertilizer plants on the island of Sumatra, The Nihon Keizai
Shimbun Thursday morning edition reported.

The project will be partially financed by loans from the
Export-Import Bank of Japan.

This is the first major plant construction deal concluded by
Indonesia since late last year, when that country's economic
crisis disrupted negotiations on such projects. To boost food
supply, the Jakarta government has put top priority on the
fertilizer plants.

Pupuk Iskandar Muda wants two fertilizer plants - an ammonia
plant with a daily capacity of 1,200 tons and a urea plant of
1,725 tons.