Article: MEDCO GROUP: TO VENTURE IN PETROCHEMICAL SECTOR.

In cooperation with the West Java government and related business associations, the Medco Group through PT Meta Epsi Drilling Company (Medco) plans to set up a consortium to build an industrial estate in Bandung, West Java. An agreement on the project site was signed recently (November 1997). In addition to the West Java Administration and the associations, the Medco Group has also invited the Zerro Emission Group from Switzerland to take part in the project. The Tokyo University and the Social Project Management also support the construction of the industrial estate. The project is estimated to cost Rp 2 trillion.

Arifin Panigoro, the founder of the Medco Group ...

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