Michelin invests in ?324m Indonesian rubber plant

摘要

Indonesian petrochemical producer Chandra Asri Petrochemical and French tire manufacturer Michelin plan to develop a $435m (?324.2m) synthetic rubber plant in Indonesia. The plant will be run by a joint venture called Synthetic Rubber Indonesia (SRI), of which Chandra, through its unit Petrokimia Butadiene will own 55% stake and Michelin 45%.