Antam Investment Evaluation at PT Indonesia Chemical Alumina
By : Aldo Bella Putra | Wednesday, July 26 2017 - 02:08 IWST

5166
INDUSTRY.co.id - Jakarta - PT Aneka Tambang Tbk (ANTM) is evaluating the investment in PT Indonesia Chemical Alumina (ICA) which operates the Tayan Chemical Grade Alumina (CGA) plant.
The Company owns 80% of PT ICA and 20% owned by Showa Denko KK (SDK) of Japan. Thus cited disclosure of information on the BEI, Monday (07/24/2017).
This step is in line with the challenge because PT ICA has not given profitability and production level is still below target. The Company and SDK have held discussions but did not reach a satisfactory agreement.
Finally, SDK chose to terminate its partnership with PT ICA with Antam at PT ICA. SDK is exploring the possibility of selling its shares to third parties.
Read Also
President Prabowo Subianto Inspects Precious Metal Production at…
Aramco Digital and Intel Aim to Forge Collaboration to Establish…
Minister of Trade, Zulkifli Hasan visited the construction of the…
President Jokowi Meets Freeport McMoRan Chairman, Welcomes Discussion…
Citi Facilitate s Harita Nickel’s Initial Public Offering (IPO)
Today's Industry

Senin, 09 Juni 2025 - 14:22 WIB
Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…
News Comment