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Nippon Shokubai Invests US $0.11 billion to Expand Petrochemical Plant in Indonesia to Boost Local Industry
Recently, Japan's Nippon Shokubai Company once again demonstrated its firm commitment to Indonesia's petrochemical industry and plans to invest 0.11 billion US dollars (about 1.69 rupiah) to build its fourth petrochemical plant in Wandanzhi Legun. The announcement was made by Rosan P. Roeslani, Indonesia's Minister of Investment/Head of the Investment Coordinating Committee (BKPM), during a visit to PT Nippon Shokubai Indonesia plant in Chilegon.
Rosan praised the Nippon Shokubai for its continued investment in Indonesia since 1996 and specifically mentioned the expansion project. He stressed that the Indonesian government has always been committed to protecting the interests of domestic and foreign investors, whether new or existing investments.
It is reported that PT Nippon Shokubai Indonesia started commercial production in 1999, and has started the second and third factories in 2014 and 2023 respectively. The fourth plant will focus on the production of Indonesia's first super absorbent polymer (SAP), with an annual capacity of up to 50,000 tons. SAP has an important position in the manufacturing industry and is widely used in the production of products that require high absorption capacity, such as diapers and sanitary napkins.
Rosan said he expects that the plant expansion will not only bring greater economic benefits to the company, but also have a positive impact on the area around the plant and improve local employment and human resources. To this end, the Indonesian government has formulated corresponding vocational plans and training programs to support this expansion project.
According to BKPM data, the construction of the fourth plant will start in 2025 and is expected to start production in 2027. Rosan also revealed that the Indonesian government has provided a number of preferential policies, including super tax breaks, to encourage foreign investment, especially high-quality investment such as Nippon Shokubai. These policies are aimed at attracting more foreign capital into Indonesia, bringing added value to the country's industries and creating more jobs.
The investment and expansion project of Nippon Shokubai is not only a strong support for Indonesia's petrochemical industry, but also another example of the Indonesian government's commitment to encourage foreign investment. In the past five years, Japan's total investment in Indonesia has exceeded US $19 billion million, covering a number of key areas such as automobiles, electricity and gas, housing and industrial areas. With the continued influx of these investments, Indonesia's industrial development will usher in a brighter future.
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