November 28, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
TOYO Invests in Indonesian Engineering Company
 

Tokyo, Feb 10, 2012 (JCN) - Toyo Engineering has acquired 47% of shares of a major engineering company, PT. Inti Karya Persada Teknik (IKPT), in Indonesia.

IKPT, an engineering company founded in 1982, has a lot of experience in EPC (engineering, procurement and construction) projects in the industrial sectors of oil and gas, petrochemical and chemical such as fertilizer, and infrastructure, including offshore development, LNG, and geothermal power generation.

Having maintained a good relationship for over 20 years since the first collaboration in EPC of fertilizer plant, TOYO and IKPT are now jointly undertaking construction of the large-scale fertilizer plant in Indonesia.

The development of infrastructure in Indonesia is a target of Japan's public-private joint promotion to export a package of Japanese products, technologies and know-how. As such potential and positive outlook of Indonesian economy is widely acknowledged in the world, the country is now attracting more foreign investments of not only oil & gas companies but manufacturers planning to establish overseas production facilities in Indonesia.

TOYO's investment in and enhancement of collaboration with IKPT will expand business in Indonesia of both of TOYO and IKPT with their technologies, know-how and human resources shared by each other. TOYO expects IKPT to be a partner in its project operation out of Indonesia.

By Saroj Shrestha Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Toyo Engineering Corporation News  
  TOYO Awarded Large-scale Photovoltaic Power Plant Project in Japan  (June 9, 2014)
  TOYO Wins Ammonia Project in Indonesia  (Mar 1, 2013)
  TOYO Awarded Consecutive FPSO Topsides Units Projects in Brazil  (Dec 21, 2012)
  TOYO Awarded Gas Processing Plant Rejuvenation Project in Malaysia  (Dec 18, 2012)
  TOYO Wins Fertilizer Plant Order in Indonesia  (Dec 17, 2012)
  ITOCHU Signs MOU on Russia Power Project  (Nov 29, 2012)
  Japanese-led Consortium Wins FEED Contract for Floating LNG Unit from PETRONAS  (Sept 12, 2012)
  TOYO Wins EPC for Chemical Production Complex in India  (July 27, 2012)
  Toyo Engineering Enters Large Scale Refinery Modernization Project in Venezuela  (July 20, 2012)
  TOYO Invests in Indonesian Engineering Company  (Feb 10, 2012)



 Recent  Engineering News   
ITOCHU Announces Merger of Asset Related to Iron Ore Mining Business in Brazil  (Nov 26, 2014)
Sumitomo Electric Releases New Sintered Diamond Cutting Tools (Oct 28, 2014)
Sumitomo Electric Develops AC6030M/AC6040M and EM Breaker for Rough Cutting (Oct 27, 2014)
JFE Engineering Myanmar JV Makes First Shipment of a Bridge Block (July 25, 2014)
Suzuki Outboard Motor Achieves Accumulated Global Production of 3 Million Units (July 24, 2014)
IHI to Participate in GE9X Engine Program (July 12, 2014)
Marubeni to Create Minera Centinela, New Mining Company in Chile (July 5, 2014)
Asahi Kasei Develops New Transparent Polymer for Optical Applications (July 2, 2014)
Teijin Develops Advanced Outerwear Fabric (June 16, 2014)
IHI to Supply SPB Tanks for Floating LNG Storage & Regasification Unit for Chinese Wison Group (June 5, 2014)

More Engineering news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)