Late last year PT Polytama Propindo (PLTM), the second largest manufacturer of polypropylene resin (PP resin) in Indonesia behind Chandra Asri, signed an agreement with LyondellBasell to expand production capacity from 180,000 tons to 300,000 tons per annum.
Read MoreOil and gas firm Medco Energi Internasional (MEDC), still controlled by Panigoro Family, has constantly been valued below equity despite strong financial performance in the first half. MEDC was last traded at Rp615 to make a market capitalization of Rp15.46 trillion (US$1.04 billion), way below equity of US$1.48 billion.
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