Orica to invest about $200m in Indonesia plant

10 October 2006 08:15  [Source: ICIS news]

SINGAPORE (ICIS news)--Orica plans to invest about $200m (€158.7m) in building an ammonium nitrate plant in Indonesia, the Australian explosives company said on Tuesday.

The Bontang, East Kalimantan plant would produce 250,000-350,000 tonnes/year of ammonium nitrate for Indonesia’s domestic market, company spokesman John Fetter said.

"With the plant, we’ll replace our imports (into Indonesia) with locally manufactured product," he said, adding that the ammonium nitrate is industrial grade, and will be used for detonating mines and quarries.

The plant is now pending civil engineering and processes approval from Indonesia as well as the company’s board of directors. Approval is expected to take 12 months, following which the plant will start construction, the company said.

By: Jeanne Lim
+65 6780 4359

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