Shell to Double Capacity of Lubricant Plant in Indonesia
Shell Indonesia is doubling the capacity of its lubricants oil blending plant (LOBP) located in Marunda Centre, near Jakarta. The construction started on March 12 and is expected to be completed by 2022. Once ready, the plant will be able to produce up to 300 million...
Singapore’s Aice Group Sets up SEA’s Largest Ice Cream Factory in Indonesia
Singapore’s Aice Group has opened up a second ice cream factory at the Ngoro Industrial Park, located in Mojokerto, East Java, Indonesia. The 44,152 m2 facility is the largest of its kind in South East Asia. The plant, which costed USD 50 million, will have 14...Singapore’s OUE Acquires Majority Stake in Indonesia’s Maxx Coffee Chain
Singapore-based property firm OUE announced that it acquired, through its indirect wholly-owned subsidiary, Oddish Ventures Pte Ltd, a 88.43% stake in Indonesia’s Maxx Coffee Prima (PT MCP) for USD 23.1 million. Shares were bought from PT Inti Anugerah Pratama...