PT Antam (Persero) Tbk (ATM) is pleased to announce the signing of the Engineering, Procurement and Construction (EPC) contract relating to the construction of the Tayan Chemical Grade Alumina (CGA) project. The EPC contract was signed between PT Indonesia Chemical Alumina and an unincorporated consortium of PT Wijaya Karya (Persero) Tbk, Tsukishima Kikai Co. Ltd. and PT Nusantara Energi Abadi (Nusea) as the EPC contractor of the project.
PT ICA is a joint venture company between Antam and Showa Denko K.K. (SDK) of Japan. Antam owns 80% of PT ICA and SDK holds the remaining 20%. Construction on the project is expected to begin in the first quarter of 2011 with expected completion in December 2013. Commercial production is expected to start in the first quarter of 2014. SDK will use 200,000 tonnes of CGA from Tayan’s plant as substitute for the current products from its Yokohama plant. The remaining 100,000 tonnes of CGA will be sold to Indonesian market. The Tayan CGA project has an estimated cost of approximately US$450 million.
