Cileson-Chandra Asri Petrochemical(CAP),at an extraordinary meeting of shareholders,received approval to merge with its Petrokimia Butadiene Indonesia(PBI) subsidiary.”This merger will improve the efficiency and effectiveness of the daily business activities of Chandra Asri,”CAP noted.All PBI employees will become CAP employees.PBI,which has 137,000 t/y of butadiene production capacity,is the”only”butadiene producer in Indonesia,said Barito Pacific Group,a main shareholder in CAP.
展开▼
