Riffrag Business & Finance Report

China Petroleum & Chemical Corp., China’s largest oil refinery, will start operating again plant capacity 160,000 barrels per day in the island of Hainan at the beginning of next month.

Sinopec’s refineries were shut down temporarily to undergo treatment in early December. Steps were taken to maximize oil production soon after the facility was in operation again, said an executive who did not want to be named.

Parent company had not decided the date of the operation must return the factory. Facility was operating with full capacity since May because of increasing demand, said an official in November.

PT Kartika Airlines decided to bring the three types of aircraft from the Boeing 737-300 and B737-500 on this year, following the postponement of delivery unit 15 Sukhoi Superjet 100 aircraft worth U $ $ 448 million.

Corporate Secretary Division Head of PT Kartika Airlines Sutendi Boyke said the decision was to increase the fleet after the manufacturer Superjet 100 first flight delayed delivery from 2011 to 2012.

“To get Superjet 100 delivery delay, we will bring three aircraft this year,” he said yesterday.

Sony Corp. plans to consolidate operations with the international distribution of video-game unit in order to reduce overlapping costs.

Companies based in Tokyo and Sony Computer Entertainment Inc., the software and hardware vendors PlayStation 3, will combine the distribution route. Thus the statement a company spokesman who commented on Mami Imada Nikkei daily news. He refused to explain the estimated savings from the move.

Product distribution costs that business groups expected to increase 50% next fiscal year, after falling 25% to 150 billion yen (U.S. $ 1.6 billion) in the 12 months up to March 31.

Sony, which project the annual loss for the second time, cutting about 20,000 workers and make savings of 330 billion yen to rebuild the profitability of the television and gaming units until March 2011. Company’s operating margin target of 5%.

Sony shares rose 1.5% to 2715 yen at 10:36 am on the Tokyo Stock Exchange today, higher than the increase in the index Nikkei 225 Stock Average of 1%

PT BMW Indonesia announced the presence of the latest BMW X5 M dibanderol in Indonesia that price range Rp2, 2 billion and Rp2, 4 billion (off the road).

Car all-wheel-drive is claimed to offer the first high performance thanks to the new V8 turbo engine capacity of 4400 cc that could generate power for 55 df at 6000 rpm spin.

“The latest BMW X5 M is for individuals who like challenges and performance-oriented, have high self appreciation of success achieved and only want to have the best in innovation and design,” said Ramesh Divyanathan, President Director of PT BMW Indonesia on the sidelines of the opening BMW Studio at Plaza Indonesia today.

The new BMW X5 will be available at the BMW showroom started in May 2010. This vehicle takes only 4.5 seconds to accelerate to the speed of 100 kilometers per hour.

Meanwhile, BMW Indonesia hook Eko Nugroho, one of Indonesia’s young artists to appreciate strength, aggressiveness and the BMW X5 M energy into his art. BMW X5 M-white color as integrated into the mural Eko Nugroho is spread from wall to the floor Studio BMW.

Appearance quality artwork in the public arena is intended to encourage public appreciation of the higher of the modern contemporary art of Indonesia.

“We are pleased to display the latest BMW X5 M cooperation with Eko Nugroho. The BMW Group has over 30 years of collaboration with the contemporary art world, including the collection of BMW Art Cars are highly appreciated in the world,” said Ramesh.

State Enterprises Minister, Mustafa Abubakar (left), witnessed the signing of the cooperation between the CEO Jordan Phospate Mines Co.. Ltd. (JPMC), Walid Kurdi (right), and Managing Director of PT Petrokimia Gresik (PKG), Arifin Tasrif (center) in Jakarta. (AFP / Ujang Zaelani)
Jakarta (ANTARA News) – The PT Petrokimia Gresik (PKG) and Jordan Phospate Mines Co.. Ltd. (JPMC) agreed to build a phosphoric acid plant in Gresik capacity of 200,000 tons per year with an investment of 200 million U.S. dollars.

The signing of cooperation carried out in the Office of the Ministry of State Owned Enterprises, Jakarta, Monday, Minister of SOEs directly viewed Mustafa Abubakar, CEO of JPMC Walid Abdul Khodri, and Director of fertilizer SOEs.

Mutafa According to Abubakar, the two parties form a joint venture subsidiary of Eternal Petro Jordan, with the composition of their respective shares of 50 percent, while the factory to be built from the end of the first semester of this year.

PKG produces phosphate-based fertilizers (SP-36) and NPK fertilizer (Phonska and Kebomas), in addition to producing urea and ZA as well as organic fertilizer.

In 2012 PKG hope 2,840,000 tons has a capacity of 500,000 tons of NPK and Phospate (SP-36), in addition to producing urea and ZA as well as organic fertilizer.

PKG CEO said Arifin Tasrif phosphate raw material will be met from Jordan, which now has reserves of up to 2 billion metric tons.

He explained that the national needs of NPK fertilizer until 2015 to reach 7 million tons, while production capacity in 2012 new PKG can be increased to 2.2 million tons.

“In the year 2012 NPK Petro became the largest producer in Asia,” said Arifin.

So far, companies still need additional phosphoric acid material which partially met from imports.

Meanwhile, Mustafa Abubakar explained, the process of forming this joint venture has been made since 2007 and in line with the completion of the study, the joint venture is operating at the end of 2012.