April 25, 1996 |
A unit of Fluor Corp. has dropped from a partnership formed just last year to build a $640-million copper smelter in Indonesia. Fluor Daniel Inc. sold its 10% interest in the venture at the urging of the partnership's majority owner, Japan's Mitsubishi Materials Corp. Mitsubishi wanted Tokyo-based building contractor Chiyoda Corp. to take over as project manager as work moved beyond the preliminary stages, Fluor spokeswoman Kirsten Frosh said.
December 11, 1995 |
Indonesia has long shed its image of 30 years ago when it would seize foreign firms, or even 10 years ago when it would frighten off ventures by trying to force them to support an obsolete work force. Now a vibrant Indonesia is welcoming all comers, and governments such as the United States are prodding their companies to join the rush. U.S. Transportation Secretary Federico Pena spent two days last month in Indonesia promoting U.S. businesses.
March 9, 1995
The Koll Co., a real estate development firm, said Wednesday that it has entered the Asian market by acquiring a 50% interest in Indo Pacific Property, one of the largest real estate firms in Indonesia. Koll is also establishing a new business entity, Koll Asia Pacific, to oversee Koll's expansion across Asia. Both will be based in Jakarta. Since its formation two years ago, Indo Pacific Property has sold more than $200 million in properties, and it employs more than 90 people.
November 17, 1994 |
Exxon Corp. and the government of Indonesia agreed to spend up to $40 billion over several decades to develop a huge natural gas field in the South China Sea. The Natuna field could produce about 2 billion cubic feet of gas each day for more than 30 years, the company said in announcing the deal Wednesday. If the field's potential is realized, Exxon's stake would boost its gas holdings by 50%.
August 30, 1994 |
Harry Shuster doesn't know a thing about spicing up a red sauce, basting a side of ribs or spinning a head of foam on a cup of cappuccino. And, though he runs a chain of restaurants, he couldn't care less. Shuster, chairman and president of United Restaurants Inc. in Costa Mesa, is a deal maker, and he has plenty on his plate these days.
April 18, 1994 |
Aircraft Plant May Be Built in U.S.: The government is looking to build a plant to facilitate sales for commuter planes made by the state-run Nusantara Aircraft Industry. Minister of Research and Technology B.J. Habibie said the matter will be discussed during a visit next month to Oregon, Utah, Alabama, Kansas and Washington, D.C. Those are considered likely sites for the plant.