Tempo Interactive, Monday, 11 January, 2010 | 14:29 WIB
TEMPO Interactive, Bangalore:The biggest liquid petroleum gas (LPG) producer in India, Confidence Petroleum India Ltd, will build 10 factories in Indonesia this year with a total investment of US$ 16,5 million. The company had previously built an LPG canister production facility in Indonesia in June last year.
The Mumbai-based company’s plan was in line with the Indonesian government’s program to convert the use of kerosene to a three-kilogram LPG canister. The Indonesian government has so far distributed around 70 million of three-kilogram LPG canisters to low-income families for free.
“There is a really high demand in LPG canisters in Indonesia," Confidence Petroleum’s boss, Niti Khara, told The Financial Express in Bangalore last weekend. “Now, we will build 10 more facilities along with the growing demand for gas refills from Pertamina”.
SORTA TOBING
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