文章基本信息

标题：Marubeni, Indonesia to revamp ethylene venture
期刊名称：Asian Economic News
出版年度：1999
卷号：Oct 11, 1999

Marubeni, Indonesia to revamp ethylene venture

TOKYO, Oct. 5 Kyodo Marubeni Corp. and the Indonesian government are at the final stage in mapping out a restructuring plan for the debt-ridden ethylene venture in which the two parties have stakes, Marubeni officials said Tuesday.

They are considering making up for the 650 million dollar cumulative losses incurred by the venture, PT Chandra Asri, by selling some of Jakarta's holdings of its shares to BP Amoco PLC of Britain, the officials said.

The Japanese trading house intends to rebuild the operations of the petrochemical firm, which is one of Marubeni's largest foreign investments, they said.

Chandra Asri has suffered financial trouble from deterioration in the ethylene market during the Asian economic crisis.

Rehabilitation efforts have been delayed due to the country's political and social turbulence, the officials said.