Tri Polyta gets advisor

JAKARTA (JP): PT Tri Polyta Indonesia said yesterday it had appointed Merrill Lynch as its financial advisor on negotiations with PT Chandra Asri regarding long-term supplies of propylene.

Tri Polyta, listed on the Jakarta and New York stock exchanges, makes polypropylene resins used to manufacture household and industrial plastic products.

It is Indonesia's sole producer of co-polymer resin which is used in higher value-added applications. (pwn)