Stocks in the news (pttgc) 02.04.13

News flow from companies has quieted down, well its holiday time soon anyways.


PTTGC nears Indonesia JV — PTTGC has moved closer to jointly setting up a US$5bn petrochemical complex with Indonesia’s national oil conglomerate, PT Pertamina. A deal signed yesterday by the two partners kick-started a feasibility study for the naphtha-based project on Java. Called “Indonesia Pride”, the complex is expected to begin production with an olefin unit in 2017 to capture growing demand for plastic in Indonesia. (Bangkok Post, 02/04/13)

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